Trophy Commercial Real Estate, in conjunction with NAI Keystone, is pleased to present 1400 Hill Road, a large-scale adaptive reuse and redevelopment opportunity located in Reading, Pennsylvania.

Formerly known as Central Catholic High School, the property consists of approximately 86,742 square feet of existing improvements situated on 2.85 acres. The asset is being delivered fully vacant, providing investors with immediate control over planning, entitlement execution, and redevelopment strategy.

Zoning approvals are in place for the development of 78 apartment units, positioning the property for multifamily conversion or alternative adaptive reuse strategies. The site’s historic architecture, institutional layout, and substantial infrastructure support a wide range of potential uses, including residential, educational, senior housing, or mixed-use concepts (subject to approvals). Federal historic tax credits are available.

This offering represents a rare opportunity to acquire a historically significant, large-format asset with scale, underlying land value, and long-term redevelopment potential in an established Reading neighborhood.

Investment Highlights

• Zoning approvals in place for 78 apartment units, significantly reducing entitlement risk

• Fully vacant delivery, allowing immediate control over redevelopment planning and execution

• Large-scale adaptive reuse opportunity with 86,742 SF of existing improvements

• Former institutional campus with historic architecture and flexible floor plates

• 2.85-acre site, offering underlying land value and redevelopment flexibility

• Public utilities and infrastructure in place, including public water/sewer and 600-amp, 3-phase electric service

• Multiple redevelopment paths, including multifamily, education, hospitality, senior housing, or mixed-use (subject to approvals)

• Established Reading location with proximity to residential neighborhoods and major thoroughfares
  

  Asking Price: $2,750,000
  Price per Square Foot: $31.70
  Price per Approved Unit: $35,256