$749,900

851 PENN STREET, Reading, PA 19601

  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1912
  • Property Lot Size Icon2,178sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 7 months ago

Property Description

Welcome to 851 Penn Street, a prime investment opportunity in the heart of Reading, PA! This highly profitable, mixed-use property features two units: one residential apartment and one successful commercial space, currently operating as a restaurant and bar. Located just one block from the Santander Arena, this building offers plentiful foot traffic, making it an attractive location for both residents and businesses. The residential unit is a three bedroom one bath, cozy apartment. The ground floor features an Italian restaurant. Included with this sale is the Italian Garden, Six Pack Outlet with Liquor License, DJ equipment and pool table. The building located at 853 Penn Street, for the Italian Garden Six Pack Outlet is not included in this sale. Lease amount for 853 Penn Street is $1,500 with all serious offers. Seller willing to lock in the lease amount at 5 years. This property is an excellent investment opportunity with multiple streams of income. Don’t miss out on this opportunity! Contact us today to schedule a private showing.

Listing Status:
Active
Date Added:
November 16, 2024 at 06:00AM
Listing Office:
Daryl Tillman Realty Group : 6109850224
Listing Agent:
Christopher R Smith : 4847061859
MLS ID:
PABK2051172
  • A/C: Central A/CDuctless/Mini-Split
  • Heating: YHot WaterNatural Gas
  • Disability Feature: 2+ Access Exits32"+ wide Doors

This listing courtesy of Christopher R Smith, Daryl Tillman Realty Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

1

10th and Penn Elementary School

955 Penn St, Reading, PA, 19601

Grades PK-4

0.10 miles away

S

Southern Middle School

931 Chestnut St, Reading, PA, 19602

Grades 5-8

0.23 miles away

R

Reading Senior High School

801 N 13th St, Reading, PA, 19604

Grades 9-12

0.93 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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