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503 Penn Street Reading, PA $ 988,000
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503 Penn Street
$ 988,000
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503 Penn Street

Reading, PA, 19601
$ 988,000
Bedrooms-- Baths-- Sq 12,000

Monthly Estimate*

$ 6,083

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Commercial Property for sale in Reading, PA

for $988,000. This 12,000 square foot building was built in 1900 on a lot size of 0.06.

503 Penn St - This historic building was completely renovated in 2016 and includes all the modern amenities you'd expect in new construction. Add to that the interesting historical aspects including exposed brick walls, huge windows overlooking Penn Square and an open pub / entertainment venue on the first and second floors. Perfect for an owner occupant or investor, the utilities are separated and each floor has and pays for it's own system! The first and second floors are set up as a walk in bar space with doors that open to the sidewalk, and a balcony on the second floor overlooking the entrance area. The third floor is occupied by Berks Arts, a community Council formed in 1969, and focuses on promoting the arts in the Greater Reading and Berks County. Creating and supporting visual and performing arts events. The fourth floor is open and available for an owner or another tenant. The building is served by a modern elevator that stops an all 5 levels. (basement, through the 4th floor). Fully sprinklered and monitored this is truly a safe and desirable property. Call today to schedule your walk through.

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Commercial Active

Price

$ 988,000

Property Type

Commercial

Taxes

$ 12,124

Style

Restaurant/Bar

Lot Size

0.06

Year Built

1900

Town/City

Reading

County/Region

Berks

MLS | Web ID

PABK2067328
Features
Interior
Heating Fuel Electric
Flooring Wood
Hot Water Natural Gas Electric
Total Stories 4
Heating Y/N Y
Central Air Y/N Y
Total Restrooms 8
Entry Level 1
Number of Elevators 1
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General
Sewer Public Sewer
Heating 90% Forced Air
Cooling Central A/C
Utilities Water Available Sewer Available Natural Gas Available Electric Available Cable TV Available Under Ground
Possession 0-30 Days CD 31-60 Days CD 61-90 Days CD
Roof Rubber
Zoning C-C
Security Features Fire Detection System Main Entrance Lock Smoke Detector Sprinkler System - Indoor
Construction Materials Brick Stucco CPVC/PVC Copper Plumbing Mixed Plumbing
Year Built 1900
Electric 100 Amp Service 200+ Amp Service
View City Street
Topography City street level downtown
Property Subtype Mixed Use
Tax Year 2025
Ownership Fee Simple
Cool Fuel None
Municipality READING CITY
Business Type Restaurant/Bar
Accessibility 32 + wide Doors 36 + wide Halls Elevator
County BERKS
New Construction N
Property Type Commercial Sale
Subdivision Name READING
Possible Use Bar/Tavern/Lounge Commercial Mixed Use Office Professional Service Restaurant Retail
Water Access Y/N N
Status ACTIVE
Directions from downtown Reading the property is next to the North East corner. parking along the 500 block of Penn St.
City READING
Disclosures None
Number Of Units Total 3
MLS Area Reading City (10201)
Lot Size Units Square Feet
Lot Size Square Feet 2613.00
Tax Annual Amount 12124.0
Property Condition Excellent
Price Per Sq Ft Total AG 82.33
Acceptable Financing Conventional Cash
Historic Y/N N
Vacation Rental Y/N N
Location Type Downtown
Standard Status Active
Year Built Source Estimated
Tax Lot 9337
Association Recreation Fee N
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Exterior
Lot Features Road Frontage Level Zero Lot Line
Water Source Public
Type of Parking On Street
Foundation Details Stone
Water View Y/N N
Building Area Total 12000.00
Lot Dimensions 28*100
Lot Size Acres 0.06
Lot Size Source Estimated
Waterfront Y/N N
Door Features Insulated
Other Equipment None
Road Responsibility City/County
Land Assessed Value 29300.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 503
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* Excluded Features
List By
Destination Realty Llc

Broker

destinationrealty.mls.leads@gmail.com

Email

Affordability Calculator

$7,094
Per Month
86%
14%
0%
Monthly Principal & Interest
$6,083
Monthly Property Taxes
$1,010
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/27/2026$988,000 Listed Price

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503 Penn Street, Reading, PA, 19601 is a Commercial Property for sale at $988,000 with 12,000 sqft and a lot size of 0.06. 503 Penn Street was built in 1900. The property's zip code is 19601 which is in Reading, PA

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