Berks County Homes for Sale, Reading Real Estate Listings, 801 North 9th Street, MLS #6850945 Luxury Homes, Condos, Estates for Sale

801 North 9th Street

Reading, PA 19604

Largest building in Northeast Reading at over 320,000 square feet taking up an entire city block at 2.4 acres. Building needs complete renovation, or sell off parts to demo and build new. 40 million of development within two blocks is very successful. Prior owner was the 1990's rock band known as LIVE that planned a 36,000,000.00 restoration, but they got bogged down in a fiber optic project and turned it back over to lender. They had purchased it for 1,800,000.00. They had planned on partial demolition of the existing buildings so sold some of the decking for over 100,000.00. Building contains a huge amount of maple flooring, douglas fir decking, and yellow pine heartwood columns. There is also about 100,000.00 of 4x16x18 custom cut douglas fir heartwood that is brand new and stacked in the courtyard. Property is a Keystone Opportunity Zone through 2020 so can be exempt from most local and state taxes. Was also submitted for a ten year extension of KOZ benefits through 2030. Property has existing large domestic water and fire lines so any development could save up to 150,000.00 in tap-in fees. Lines cut at the laterals so no monthly water/sewer bills. About 200,000 of predevelopment w*rk has been done including renderings, environmental reports, plans, etc.. and can be included with the sale at no additional cost. preliminary sketches are done for 40,000 square feet of retail space, two pad sites, and 80 residential units. additional information posted on loopnet dot com listing
Status
ACTIVE
Property Class
Commercial
Subdivision
Northeast Reading
Area
Reading City
City
Reading
County
Berks County
Short Sale
YES
Building Features: Elevator, FireEs
Building Floors: 5.00
Building Name: READING OUTLET CENTER
Buildings: 6
Land SqFt: 105,415
Area: Reading City
Lot Area Acreage: 2.420000
Lot Dimensions: 240X480
Net SqFt: 320000
Ownership: Fee Simple
Property Age: 98
Type: Commercial
Sale Includes: Land&Buildng
Zoning Code: N-C
Floor: Wood
Exterior: Brick
Tax Year
2016
Total Taxes
$23,903

Area Highlights

User reviews and recommendations of top nearby restaurants.

Taqueria El Carreton

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Distance: 0.09 Miles

Rating 30 reviews
Taqueria Jimenez

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Distance: 0.16 Miles

Rating 16 reviews
Cafe Waldorf

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Distance: 0.34 Miles

Rating 6 reviews
El Puente Mexican Store

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Distance: 0.47 Miles

Rating 8 reviews
The Pike Cafe

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Distance: 0.6 Miles

Rating 42 reviews
Lechonera de Sabor

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Distance: 0.65 Miles

Rating 1 review
Sofrito Gastro Pub

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Distance: 0.66 Miles

Rating 74 reviews
Cheer's American Bistro

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Distance: 0.84 Miles

Rating 18 reviews
Boston House

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Distance: 0.86 Miles

Rating 2 reviews
Russo's Pizzeria & Italian Restaurant

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Distance: 0.89 Miles

Rating 9 reviews

School Information

Great Schools

Understand the educational environment and opportunities around this area before moving in.


Chor Day Academy

Type: Private

Level: N/a


Tenth & Green El School

Type: Public

Level: PK-5


Reading Senior High School

Type: Public

Level: 10-12


Thirteenth & Green El School

Type: Public

Level: PK-5


Twelfth & Marion El School

Type: Public

Level: K-5


I-Lead Charter School

Type: Charter

Level: 9-12


Northeast Middle School

Type: Public

Level: 6-7


Citadel Intermediate High School

Type: Public

Level: 8-9


Humpty Dumpty & Friends

Type: Private

Level: K


St Margaret School

Type: Private

Level: PK-8

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Listing courtesy of Shuman Development Group.

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Data last updated: 12/10/2016.

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