505 Penn St, Reading, PA 19601 Property Records

Berks County property record for 505 Penn St, Reading, PA 19601

Property Summary

Property Type	Commercial Office
Details	34,530 sqft · built 1900
Lot Size	0.24 acres (10,454 sqft)
Owner	Company Name on Record
Last Sale	$991,000 (May 2017)
Tax Bill	$17,799 (2026)
Deeds & Mortgages	Jan 2023 Mortgage Oct 2020 Mortgage + 2 more
Flood Zone	Zone X (minimal risk)
APN	`5307-83-70-9470`

Property Details

APN / Parcel Number

Primary APN	`5307-83-70-9470`
Alternative APNs	`07-5307-83-70-9470` `07583130` `583130`

Interior

Units	4 Units
Stories	4 Stories
Building Area	34,530 sqft Gross Area
1st Floor Area	10,500 sqft
Fire Sprinklers	Fire Sprinklers
Elevator	Elevator

Exterior

Year Built	Built 1900
Effective Year Built	Effective 1900
Exterior Material	Brick
Lot Area	10,454 sqft (0.24 acres)
View / Lot	Central Business

Utilities, Heating & Cooling

Sewer	Municipal
Water Source	Commercial

Location & Zoning

Account Number	07583130
Street Address	505 PENN ST
City	READING
State	PA
Zip	19601-3473
Property Category	Commercial
Property Type	Commercial > Office > Commercial Office
Legal Block	70
Jurisdiction	BERKS PA
Township / Civil Division	READING
Census Block Group	4
Census Block	4008
Census Tract	100

Owner

Source: Berks County records, as of May 27, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	608 MUSEUM RD, READING, PA 19611-1427
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Jan 17, 2023	Deed of Trust, Mortgage · Commercial Mortgage ORRSTOWN BANK
Oct 26, 2020	Deed of Trust, Mortgage · Commercial Mortgage ORRSTOWN BANK
Oct 20, 2017	Deed of Trust, Mortgage GREATER BERKS DEV FUND
May 9, 2017	Special Warranty Deed, Transfer · Commercial Mortgage SANTANDER BANK NA

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	May 9, 2017 · Amount on Record
Deed Sale	May 9, 2017 · Amount on Record
Prior Sale	Jun 26, 2007 · Amount on Record
Deed Document Number	201716427
Record Updated	Oct 29, 2026

January 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BERKS PA
Property Address	505 PENN ST, READING, PA 19601-3473
Transaction Type	Mortgage
Record Updated	May 30, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	608 MUSEUM RD, READING, PA 19611

Mortgage

Document Number	0000001458
Date	Jan 17, 2023
Instrument	2023001458

Lender

Name	ORRSTOWN BANK
Type	Bank
Address	CHAMBERSBURG, PA 17201

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	66 Months
Due	Jul 12, 2028

Interest

Rate Type	Adjustable Rate

October 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BERKS PA
Property Address	505 PENN ST, READING, PA 19601-3473
Transaction Type	Mortgage
Record Updated	Feb 5, 2021
Title Company	SENTRY ABSTRACT CO

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	608 MUSEUM RD, READING, PA 19611

Mortgage

Document Number	0000040087
Date	Oct 26, 2020
Instrument	2020040087

Lender

Name	ORRSTOWN BANK
Type	Bank
Address	SHIPPENSBURG, PA 17257

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

October 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BERKS PA
Property Address	505 PENN ST, READING, PA 19601-3473
Document Number	0000039710
Instrument Date	Oct 20, 2017
Transaction Type	Mortgage
Record Updated	Dec 7, 2017
Title Company	STEWART ABSTRACT AND TITLE

Transaction

Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	1704 CLEVELAND AVE WYOMISSING PA 196102312, WYOMISSING, PA 19610-2312

Mortgage

Document Number	0000039710
Date	Oct 24, 2017
Instrument	39710

Lender

Name	GREATER BERKS DEV FUND
Type	Funding / Finance Company
Address	READING, PA 19603-8621

Agreement

Amount	Amount Recorded

May 2017: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	BERKS PA
Recording Date	May 9, 2017
Property Address	505 PENN ST, READING, PA 19601-3473
Document Number	0000016427
Instrument Date	Apr 25, 2017
Instrument	2017016427
Transaction Type	Transfer
Record Updated	May 25, 2021

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1704 CLEVELAND AVE, WYOMISSING, PA 19610-2312

Mortgage

Document Number	0000016428
Date	May 9, 2017
Instrument	2017016428

Lender

Name	SANTANDER BANK NA
Type	Bank
Address	PHILADELPHIA, PA 19102

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

Tax Assessment & Valuation

Source: Berks County assessment roll, as of May 27, 2026

Property Jurisdictions

Type	Name
State	Pennsylvania
County	Berks County
Municipality	Reading City
Unified School District	Reading School District (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$17,799.00 (+6.64%)	$630,500 (-) Land $117,600 Building $512,900	$117,600 (-81.35%) Land $117,600
2024	$16,691.00	$630,500 Land $117,600 Building $512,900
1994			$630,500 Land $117,600 Building $512,900

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective February 26, 2018 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Claims	1 (2012)
Claims Outside the SFHA	1 of 1
Most Recent Claim	Aug 2012 · other causes

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 80% of the US · above 43% of Pennsylvania
Wildfire Likelihood	0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	READING AREA WATER AUTHORITY serves 95,100 people · EPA ID PA3060059
Water Source	Surface water
Last State Inspection	May 2025
Lead	Under 1 ppb (2025) action level 15 ppb

Violations Reported to EPA

Water Quality	Treatment failure resolved · Apr 2025 E. coli resolved · Oct 2018
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 999 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250

May also be available: AT&T, T-Mobile, Verizon.

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