417 WALNUT ST, Reading, PA 19601
417 WALNUT ST, Reading, PA 19601
417 WALNUT ST, Reading, PA 19601
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Fran Valerio

Fran Valerio

+1(717) 602-0551
Listed by Jorge Diaz • Light House Realtors, LLC
$375,000
Est. payment /mo
5,227 Sqft Lot
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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.

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

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Bright MLS (BMLS)

NEARBY SCHOOLS & PROPERTIES

Fran Valerio
Fran Valerio

Listing Specialist, Team Leader | RS RS311467

+1(717) 602-0551 | fvalerio@soldincentralpa.com

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417 WALNUT ST

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