Foreclosure - Views
Address
126 N 5Th Street Reading, PA
Price
$ 445,000
Property Attributes
  • MLS#PABK365268
  • TypeCommercial
  • CountyBERKS
  • CityReading
  • AreaReading City
  • Zip19601
  • StyleApartment Building,Banquet Facility/Lodge,Flex,Hai
  • Year Built1890
  • Taxes11888
  • Price$ 445,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage23000
  • Lot Size9,148 SqFt
Listing Provided Courtesy Of:
Destination Realty LLC
Property Description

This amazing property is now available In the heart of Reading's Commercial Core. There are so many possibilities for this building. As you look through the photos and watch some video, you'll see everything from the beautiful marble and mirror entrance, professional office spaces, to warehouse / manufacturing space and a truck sized freight elevator that goes from the basement to the 3rd floor! (More photos to come that will include views of the four amazing apartments, a retail store, and a finished room in the "front basement"!) From 5th St, you can enter the stair way to the apartments or the entrance to the retails store, and a little further up are two more 5th St entrances giving access to the gallery, offices and interior parking. The entrance to the gallery and offices is spectacular, with marble and mirrored walls, open stairway to the mezzanine offices... some on the first floor and a larger suite on the second floor. On to the "unfinished spaces", there are three stories of block built warehouse / manufacturing space with a garage entrance opening up onto Madison Ave. Inside you'll see ground level parking for about 10 cars, and access to two large upper floors where hair color was made back in the 80's for Renbow USA, an international corporation. Wrapping it up, we have to mention the large rear basement, also accessible from the oversized freight elevator. Here you'll see the "large gas heater".... it's newer and in good working order. System details / brand available , the label on the heater is the "last photo" in the photo library. Set up your showing now! Be a part of Reading's revitalization and bring this property back to life!

Price History
10/12/2020 Listed $450,000
12/15/2020 2% - $445,000

General Features

Acceptable Financing Conventional, Cash
Accessibility None
Business Type Apartment Building, Banquet Facility/Lodge, Flex, Hair Salon and Spa, Health Club, Manufacturing, Medical, Other/General Retail, Parking Garage, Professional, Restaurant/Bar, School, Supermarket/Grocery Store
Construction Materials Other
Cool Fuel Electric
Cooling Central A/C
County BERKS
Electric 100 Amp Service
Exclusions tenant owned items
Flooring Concrete, Fully Carpeted, Hardwood, Laminated, Marble, Partially Carpeted, Other
Heating Baseboard - Electric, Other
Historic Y/N Yes
Location Type Business District
MLS Area Reading City (10201)
New Construction No
Ownership Fee Simple
Parking Features Unassigned
Possession Immediate, 0-30 Days CD, 31-60 Days CD, 61-90 Days CD, Negotiable
Price Per Sq Ft 19.35
Property SubType Mixed Use
Property Type Commercial Sale
PropertyCondition Good, Average
Real Estate Owned Y/N Yes
Roof Rubber, Other, Unknown
Security Features Fire Detection System, Smoke Detector
Sewer Public Sewer
Tax Annual Amount 11888.0
Tax Lot 6095
Tax Year 2020
Topography city block, mostly level, slopes down to the back by one floor
Total Units 14
Utilities Cable TV Available, Electric Available, Multiple Phone Lines, Natural Gas Available, Phone Available, Sewer Available, Water Available
Vacation Rental Y/N No
View City, Street
Water Access Y/N No
Zoning CC
Zoning Description Commercial core, many uses by right. very favorable for mixed use residential, commercial uses possible.

Interior Features

Central Air Y/N Yes
Clear Span Ceiling Height 8' to 10', 10' to 12'
Entry Level 1
Heating Fuel Natural Gas, Electric
Heating Y/N Yes
Hot Water Electric
Number of Elevators 1
Total Restrooms 10

Exterior Features

Building Area Total 23000.00
Car Parking Spaces 10
Fencing Y/n No
Lot Dimensions 40*230
Lot Features Interior, Level, Road Frontage, Other
Lot Size Acres 0.21
Lot Size Source Assessor
Lot Size Square Feet 9148.00
Navigable Water Y/N No
Road Frontage Length 40
Road Surface Type Paved, Black Top
Roadresponsibility City/County
Soil Types Unknown
Topography Description city block, mostly level, slopes down to the back by one floor
Total Parking Spaces 10
Type of Parking On Street, Private Garage
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19601

Price
AVG $190K
$450K
Taxes
AVG $4,994
$11,888
Visits
AVG 48
20
Year Built
AVG 1921
1890
Walkscore
AVG 73
90
Data Provided by Walkscore ® not using MLS data

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