506 N 12th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
506 N 12th St
35,000 SF Vacant Industrial Building Reading, PA 19604 £622,048 (£18/SF)
Investment Highlights
- Multifamily potential development opportunity
- Great views from the upper floors - located on a hill in this Reading neighborhood
- Solid building with turn of the century features
Executive Summary
Rare Investment Opportunity – 506 N 12th St, Reading, PA
Discover a rare chance to own this impressive 35,000 square foot former factory building, now available for sale in the heart of Reading, Pennsylvania! This versatile, three-story commercial property, complete with possible basement parking, offers significant potential for redevelopment into multifamily housing or unique commercial spaces. Located at 506 N 12th St, this property combines historical charm with modern structural stability, making it a prime opportunity for investors or developers.
Property Highlights:
• 40,000 SF of Versatile Space: The building offers ample room for a variety of uses, from residential units to commercial applications.
• Mixed Construction: Originally built with brick and massive wooden beams, the structure was expanded in the 1930s with a steel and concrete addition, blending historic character with modern durability.
• Parking: The basement level includes parking spaces, a rare convenience for urban properties and an added value for future residential tenants or business owners.
• Warehouse or Multifamily Potential: With high ceilings and large open spaces, the building is ideal for warehouse use or conversion into multiple housing units, tapping into the growing demand for residential spaces in Reading.
• Great Views: City wide views from the upper floors add to unit values!
Location Advantages:
• Central Location in Reading, PA: 506 N 12th St is strategically positioned near major transportation routes such as U.S. Route 422 and Route 12, offering easy access to nearby cities like Philadelphia and Allentown. This makes the property attractive for residential living.
• City Growth & Revitalization: Reading has experienced consistent economic development, with increasing demand for both housing and commercial spaces. The property’s location in an established neighborhood in the heart of this growth.
• Close to Amenities: The building is situated near public transportation, restaurants, retail, and essential services, enhancing its appeal for both future tenants and business owners.
Additional Features:
• Parking in the Basement: Convenient on-site parking for 12 vehicles makes this property even more attractive for residential or commercial use.
• Proposed Redevelopment Plans: Available in the documents section of this listing, proposed plans showcase the property’s potential for residential conversion.
• Video Tour Available: Be sure to check out the video tour to fully visualize the potential of this incredible space.
• Easy to Show: Contact us with at least 12 hours’ notice to schedule your viewing.
Don’t miss out on this one-of-a-kind property in a rapidly growing area. Whether you're looking to develop residential units or a commercial space, the possibilities are endless!
Contact: Reach out today for more details or to schedule a tour.
Discover a rare chance to own this impressive 35,000 square foot former factory building, now available for sale in the heart of Reading, Pennsylvania! This versatile, three-story commercial property, complete with possible basement parking, offers significant potential for redevelopment into multifamily housing or unique commercial spaces. Located at 506 N 12th St, this property combines historical charm with modern structural stability, making it a prime opportunity for investors or developers.
Property Highlights:
• 40,000 SF of Versatile Space: The building offers ample room for a variety of uses, from residential units to commercial applications.
• Mixed Construction: Originally built with brick and massive wooden beams, the structure was expanded in the 1930s with a steel and concrete addition, blending historic character with modern durability.
• Parking: The basement level includes parking spaces, a rare convenience for urban properties and an added value for future residential tenants or business owners.
• Warehouse or Multifamily Potential: With high ceilings and large open spaces, the building is ideal for warehouse use or conversion into multiple housing units, tapping into the growing demand for residential spaces in Reading.
• Great Views: City wide views from the upper floors add to unit values!
Location Advantages:
• Central Location in Reading, PA: 506 N 12th St is strategically positioned near major transportation routes such as U.S. Route 422 and Route 12, offering easy access to nearby cities like Philadelphia and Allentown. This makes the property attractive for residential living.
• City Growth & Revitalization: Reading has experienced consistent economic development, with increasing demand for both housing and commercial spaces. The property’s location in an established neighborhood in the heart of this growth.
• Close to Amenities: The building is situated near public transportation, restaurants, retail, and essential services, enhancing its appeal for both future tenants and business owners.
Additional Features:
• Parking in the Basement: Convenient on-site parking for 12 vehicles makes this property even more attractive for residential or commercial use.
• Proposed Redevelopment Plans: Available in the documents section of this listing, proposed plans showcase the property’s potential for residential conversion.
• Video Tour Available: Be sure to check out the video tour to fully visualize the potential of this incredible space.
• Easy to Show: Contact us with at least 12 hours’ notice to schedule your viewing.
Don’t miss out on this one-of-a-kind property in a rapidly growing area. Whether you're looking to develop residential units or a commercial space, the possibilities are endless!
Contact: Reach out today for more details or to schedule a tour.
Data Room Click Here to Access
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
£3,516
|
£0.10
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£3,516
|
£0.10
|
Financial Summary (Actual - 2023)
| Taxes | |
|---|---|
| Annual | £3,516 |
| Annual Per SF | £0.10 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £3,516 |
| Annual Per SF | £0.10 |
Property Facts
Amenities
- Bus Route
Utilities
- Gas - Natural
- Water - City
- Sewer - City
1 of 1
Walk Score ®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 11-5317-62-13-5169 | Total Assessment | £132,782 (2024) |
| Land Assessment | £23,474 (2024) | Annual Taxes | £3,516 (£0.10/sf) |
| Improvements Assessment | £109,308 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
11-5317-62-13-5169
Land Assessment
£23,474 (2024)
Improvements Assessment
£109,308 (2024)
Total Assessment
£132,782 (2024)
Annual Taxes
£3,516 (£0.10/sf)
Tax Year
2023
zoning
| Zoning Code | R3 (High density and mixed used properties) |
| R3 (High density and mixed used properties) |
1 of 34
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
506 N 12th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.