Overview
- Commercial Sale, Five Or More Units
Description
Positioned in the heart of Downtown Reading, this rare multi-building opportunity offers investors the potential to develop 12–14 apartment units in a rapidly evolving corridor.
Previously utilized as a Drug Addiction Parole & Probation Treatment facility, the property features substantial square footage and a layout conducive to multifamily conversion. Ideal for developers seeking a high-upside repositioning project in a growing rental market.
With strong rental demand in the area and continued downtown revitalization, this asset presents a strategic opportunity for long-term cash flow and appreciation.
Bring your vision and unlock the full potential of this prime investment.
Details
Updated on June 5, 2026 at 5:56 pm-
MLS ID PABK2068316
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Price $395,000
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Land (Acres) 0.12
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Year Built 1920
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Property Type Commercial Sale, Five Or More Units
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Property Status MLS Status ACTIVE-BRIGHT
Additional Detail
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AssessmentYear 2025
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County Tax 1742
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Cross Street 5th street
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DOM 100
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Heating Steam
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Listing Broker Light House Realtors, LLC
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Price Change Time Stamp May 21, 2026 at 01:53pm
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School District READING
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School Tax 3466
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Sewer Public Sewer
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Short Sale No
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Annual Taxes 8712