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Listed by Jorge Diaz • Light House Realtors, LLC
$ 395,000
Est. payment /mo
Price Dropped by $25K
417 WALNUT ST Reading, PA 19601
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PABK2068316
Year Built 1920
Annual Tax Amount $8,712
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Five Or More Units
Source BRIGHT
Property 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.
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.
Location
State PA
County Berks
Area Reading City (10201)
Zoning R3
Interior
Hot Water Electric
Heating Steam
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 07-5307-75-71-5435
Ownership Fee Simple
Special Listing Condition Standard
