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nvestors, take notice! Opportunity awaits at 1001 Chestnut St. This is a true 6 unit building. This substantial three-story, mixed-use property features five residential apartments and a street-level commercial storefront configured for restaurant use, offering multiple potential income streams under one roof. The restaurant housed the original Hong Thanh restaurant for many years before they moved in Reading. Situated on a prominent corner, the building features a distinctive stone-look façade, attractive bay windows, and excellent street presence. The residential portion consists of five apartments, with several offering spacious two-bedroom layouts, separate liv...ing and dining areas, and generous room sizes. Two of the units are currently undergoing renovations, presenting an opportunity for improvements and increased rental income. The commercial storefront adds another dimension to the property's investment potential, with space suitable for restaurant use or other uses as permitted by the City of Reading. For investors looking to expand their portfolio, this property offers an opportunity to acquire a mixed-use building with existing residential income and significant potential for future growth. A projected stabilized income analysis is available for review, illustrating the property's potential rental performance based on estimated market rents and operating expenses. Bring your investment strategy and explore the possibilities at 1001 Chestnut Street.
Data Source: Bright MLS
MLS#: PABK2080858
Data Source Copyright: © 2026 Bright MLS All rights reserved.
This property was listed on 11/13/2026 and last updated as of 11/13/2026 4:05:24 PM. OSI IDX updated the data from Bright MLS on 11/13/2026 at 7:20 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.