506 N 12TH ST Reading, PA 19604

$599,000
506 N 12TH ST, Reading, PA 19604
Call 1-800-839-1363
6957542

Commercial Property for sale in Reading, PA

for $599,000. This building was built in 1920 on a lot size of 0.24 Acre(s).

Property Information

  • $599,000
  • Commercial
  • Taxes are $3,684
  • Other / Unknown
  • Active
  • Lot size of 0.24 Acre(s)
  • Built in 1920
  • Reading, PA
  • Penn's Commons Neighborhood
  • Berks County
  • MLS/Web ID is 6957542
  • Price Reduced

Description

Former brick and timber industrial building with a poured concrete addition that is approved for conversion to 29 one and two-bedroom apartments. Full drive-in basement approved for 22 parking spaces. An additional lot is included with 44 parking spaces. Located in District 6, which is the 15th most walkable neighborhood in Reading, with nearby parks including Hillside Playground, Reading Police Memorial and City Park. Located on 12th Street in Reading's District 6, this five-story building looks out over all of Reading to the west, with a great view of Reading's famous Pagoda to the east. The property is close to Reading Senior High School, Reading Intermediate School, as well as stores, parks and playgrounds.

Miscellaneous 1

Acceptable Finance

  • Conventional

† Excluded Feature

Neighborhood & Schools

School District: Reading

 See complete school information

Listed By

Broker: SVN IMPERIAL REALTY

506 N 12TH ST, Reading, PA, 19604 is a Commercial Property for sale at $599,000 with a lot size of 0.24 Acre(s). 506 N 12TH ST was built in 1920. The property's zip code is 19604 which is in Reading, PA

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Pricing History

Date Price Price Change Description
8/14/2017 $599,000 -25.03 % Price Change
8/14/2017 $799,000 Price Change
3/7/2017 $799,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Reading $338,231 44 % below $214,950 64 % below
Commerical listings in Reading $664,382 11 % above $347,400 42 % below
Sold listings in Reading $99,138 83 % below $92,500 85 % below

Get the facts about Reading, PA!

Population 87,420
Population Growth (since 2000) 8 %
Median Income $27,231
Median Age 31.01
Households w/ Children 37 %

Residential Dwellings

  • Owned 12824
  • Vacant 3867
  • Rented 17000

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