142 S 5TH ST

Sold on 10/19/2017
  • -- Beds
  • -- Baths
  • Residential Income | Row/Town/Clu
  • Closed
142 S 5TH ST, READING - 40924317

Property Description for 142 S 5TH ST, READING PA 19602

Once in a lifetime opportunity to own this impressive Callowhill Historic District Commercial/ Investment property. This Historic Federal Style building is well position on a desirable S. 5th Street block walking distance to the Reading Public Library, Santander Arena, Performing Arts Center, Miller Center, and the Google Center. The commercial Main level was occupied by a successful gift shop for over 50 years! The space is comprised of two large showrooms with storefront windows plus a large office room with lavatory facing the courtyard. The rear entrance is equally impressive with a brick walled courtyard with large trees. Walkways and lighting accent and lead to a rear gate with access to a parking lot owned by an adjacent property owner who rents 5-6 spaces for the store at $25 per month and has agreed to continue this on for the new owner! The main floor would make an impressive gift- art studio or coffee/tea house with tranquility garden! It also would be a fabulous professional office! The curved winding staircase leads to two luxury apartments each encompassing and entire floor they occupy. This building is well maintained.

  • Property Class: Multi-Family
  • Listing Status: Closed
  • City: READING
  • State: PA
  • Zip: 19602
  • Area: Reading City
  • Class: Residential Income
  • Property Subtype: Row/Town/Clu
  • Approx Lot Size: 0.090
  • Baths (F/H): -- / --
  • Lot Sq Ft Apx: 3920.00
  • Year Built: 1901
  • Listing#: 6980434
  • School District: Reading
  • Tax Year: 2017
  • Close Date: 2/23/2018
  • List Date: 5/9/2017
  • Last updated on: 7/17/2018

Property Features for 142 S 5TH ST, READING PA 19602

  • Basement Type: Full, Unfinished
  • Exterior: Brick
  • Property Age: 117
  • Garage Spaces: Nogarage
  • Laundry Type: Nolaundry
  • Sewer Septic: Public Sewer
  • Cooling: Central A/C
  • Handicap: None
  • Hot Water: Natural Gas
  • Water: Public
  • Design: Triplex
  • Exterior Features: Sidewalks, Streetlights
  • Heating: Gas, Forced Air
  • Parking: Street

Additional Information for 142 S 5TH ST, READING PA 19602

  • School District: Reading
  • High School: Reading
  • Annual Gross Income: 23400.00
  • Annual Gross Expense: 7686.00
  • Annual Insurance Expense: 2000.00
  • Annual Maint Expense: 500.00
  • Annual Other Expense: 1172.00
  • Basement: True
  • Block Or Square: 79
  • Building Floors: 3.00
  • Central Air: True
  • Improv Assessed Amt: $29,700
  • Lot Dimensions: IRREGULAR
  • Lot Number: 7137
  • New Construction: False
  • Ownership: Fee Simple
  • Total Assessment: 63500.00
  • Water Front: False
  • Partial Bath Unit1: 1
  • Room Unit1: 3
  • Unit1 Lease End: Commercial Space
  • Beds Unit2: 1
  • Baths Full Unit2: 1
  • Room Unit2: 4
  • Unit2 Lease End: Leased M/M
  • Unit2 Monthly Rent: 500.00
  • Beds Unit3: 1
  • Baths Full Unit3: 1
  • Room Unit3: 4
  • Unit3 Lease End: Leased
  • Unit3 Monthly Rent: 650.00
  • Total Taxes: $2,730
  • Listing Area: Reading City
  • Subdivision: None Available
  • One Bedroom Units: 2
  • Listing ID: 6980434
Courtesy of Sands & Company Real Estate
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