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Welcome to this remarkable property in the heart of Reading, PA. A property with character with the potential of increasing your portfolio and your cash flow. The location is key since it is accesible to public transportation, and close to colleges, entertainment centers, City Hall, banks, medical facilities, the courthouse, restaurants and others. The 13 units include 8 apartments with one bedroom, 4 apartments with 2 bedrooms and a large commercial space that can be utilized to start a business, with zoning approval. All units have their individual gas heaters, electric meters and water heaters. Tenants pay for their own heat, electric and hot water. The owner pays for water, sewer, trash and other owner expenses such as insurance, taxes, maintenance and pest control. On top of that it has a garage with 7 parking spaces. The current cap rate can be increased to 10.74% with the proposed rents. Take advantage of this great opportunity today!
Prime Commercial Investment in Reading City, terrific property to add to your portfolio. Presenting an exceptional investment proposition in the heart of Reading City: A multifaceted 4 building corner commercial property featuring 12 residential units, a Bodega, and a spacious Storage Unit that was once a Laundromat. This asset is not only a beacon of solid returns but also serves as an attractive tax shelter for savvy investors. Tenants shoulder the cost for electric, heat, and hot water, ensuring maximized returns for the owner. The storage room, previously functioning as a Laundromat, retains its separate water meter. Landlord pays water, sewer, and taxes. Property does need some TLC. The seller emphasizes showings for qualified buyers only, ensuring a smooth and efficient transition process. Buyer is welcome to present a reasonable lower offer for seller's consideration.
511 - 515 Penn st Reading Pa 40,000 square foot building in the Central Business District of Reading Pa. Former bank with lots of uses. In the Keystone Opportunity Zone. .33 acres 40,000 square feet of retail /commercial space in the heart of Penn St Reading between 5th & 6th Streets in the heart of the Reading Downtown Improvement District. Formerly Reading Trust stretches from Penn St to Court St with access on both streets. This is in the Penn Square Overlay District with underlying Commercial Core (C-C) district. 3 Story building with large 40 Ft Atrium Ceiling. .33-acre property has a full basement with many vaults. Single or Multiple tenant occupancy. Close to Reading Post Office, Attorney Row, City Hall, County Offices, and The Sovereign Center. New Roof. Multiple elevators, sprinkler system, several parking garages within walking distance. Public transportation on 5th St. Perfect Redevelopment project. Many Grant Opportunities paying for rehab and development with the Home Grant Paying up to 75% of property acquisition and rehab for housing and other potential programs. Approximately 30 apartments should be possible with the first floor staying commercial.
Here is a perfect opportunity to purchase a local running business with an apartment on the second floor. All the store needs is a new owner. The store is already setup for success with a kitchen to prepare hot food as well as cold sandwiches. Make additional income with skill/gaming machines and ATM. You can run the store and live in the apartment upstairs or rent it out for additional income. Sale of the building includes the store with inventory, all appliances, ATM and coolers. The apartment upstairs has 2 nice sized bedrooms, 1 bathroom and is rented to long term tenants.
Location is key. An auto service center situated in the Inner City presents an opportunity for significant business expansion.
Large Commercial building in the Heart of College Town District in the City of Reading. Perfect for a New Restaurant or lounge. Off street parking in the rear of building and city parking lot next door. This building has potential for residential apartments on the 2nd and 3rd floor. The building is currently leased to a catering company. The lease is month to month and the Caterer will need 60 days to relocate. There is a land lease for the building on the left for $200.00 per month. The catering company pays $2000.00 per month. The building needs updating, the owner is selling the property "AS IS ". Bring your ideas and make an offer! Please give us 48-hour notice for all showings.
Well established restaurant in the city of Reading for sale! Included liquor license, all full kitchen equipment, all documents up to date. You can start making lots of money on a first day of your ownership. Call Boris with your ideas! Also included 3 story attached building used as an office, storage and apartment above.
One of the most visible and known buildings in Reading, Pa. This classic is located at the corner of 2nd and Penn Streets, on the main artery into the Downtown Reading area. Incredible architecture dates back to 1896 when this building was built as the Keystone Firehouse. In 1986 the property was dramatically updated and expanded with the addition of a three story modern office structure. Now, at over 22,400 sq. ft. of space, this property is poised to meet a variety of office, retail, service and restaurant type uses. Zoning is CC (Commercial Core) along with PSO (Penn Street Overlay). The building can be used by a single occupant or, given the layout, it would lend itself well to multi-tenant opportunities. Topping it off is a 59 car parking lot providing excellent access for tenants, customers and guests.
Check out this 6-unit Apartment Building that has tons of upside! The property is over 6,000 square feet, which is rare to find in today's market. The property has 6 separate electrical meters. All the units have high ceilings and tons of square footage in each unit. This property easily can bring over $70,000 a year in Gross Revenue.
Stop worrying about residential tenant issues and invest in some storage/garage space. This set of garages offers 10 9 x 20 garages. One unit is currently a double unit. This is a high occupancy property with usually 100% of the units being occupied. Have the tenants pay down your debt and gain equity. This property has newer doors and roof.
Here is the opportunity you have been waiting for! This incredible space features a commercial kitchen, bar, walk in cooler, two bathrooms, storage areas and an office. The building has hard wood floors, and a meeting area that can be partitioned off from the bar. This flexible space has many possible uses.
Welcome to 531 â 545 Canal st Reading Pa For Sale or Lease. There is a grant program that will pay 75% of the cost to purchase and convert this into apartments. ÂA total of 80,000 square foot on 4 stories is available. Property has parking lot. This is a remodeled building with multi-tenant occupancy. Former use was Bills Khakiâs. Current tenants include Reading Film Studio, A City of Reading Office Plus Many More. Space is available of Event Space. Building is connected to the Canal Street Pub. Office, Industrial, Manufacturing space available for single or multi-tenant occupancy. Floor plans available. Grant Opportunity's Available and Tax Advantages Available. All appointments, and offers are subject to 3rd party approval. Also leasing at $10 per square foot triple net.
Nice 2 bay block garage just off the Warren St Bypass. Large rear yard accessible from Allegheny Ave. Need storage space for cars or any other equipment? This would be a great economical solution.
Commercial property sitting on over 1 acre of land, with incredible highway visibility - available for immediate occupancy!! The commercial storefront is wrapped in windows allowing for bright natural light to flood the nearly 1500sqft front showroom. Outside you cannot miss the large billboard sign, right on 422, ready for your businesses name! Additionally, there is an oversized garage door leading to two storage areas/garages which could be converted into additional retail space if needed. Upstairs you will find a 1400 sqft; two bedroom and one bathroom, residential apartment which could be rented out or occupied by the property owner. The residential unit has a large, bright kitchen with plenty of counter space. Don't miss out on this opportunity - schedule your showing today!
Looking for a turn key business? Opportunity is knocking!!!! Mackey's, a well established bar and restaurant is ready for you to take over. The complete package for sale includes furnishings, fixtures, restaurant equipment and PA R Liquor License....The roof and HVAC system are only 15 years old and well maintained. Most of the windows have been replaced within the last several years. Large paved parking lot and not a lot of competition in this area... As a bonus, there are 2 rental units on the second floor to generate even more income.
Bring your business to the heart of West Reading. This 4,000 sq. ft. building sits at the center of the city on the corner of 6th and Penn. First floor and basement currently occupied by Simply Bold Cafe. Second & Third floor contain our real estate office which will be relocating. Retail/commercial space on first floor contains a full kitchen in the basement, several dining areas, retail space, office and restroom. Real estate office contains conference room, 5 separate offices, copier room, additional flex space and a second restroom. Main entrance off of Penn Ave. second entrance on 6th' St. and rear entrance off 7 car parking lot in the back.
Another high occupancy storage/garage location in a central location within the city. This property consists of 21 10 x 20 units, 1 30 x 30, 1 20 x 30 & 1 15 x 20. There are also 3 parking spaces. Currently everything is occupied but 1 10 x 20 unit. Recent upgrades at this facility include mostly newer garage doors, most roofs have been replaced, newer electric & lighting and about half of the blacktop have been replaced.
This sale includes 3 parcels -- Tax Id # 18-5306-57-54-8356, 18-5306-57-54-8334 and 18-5306-57-54-5420. All Acreage and Tax total include all 3 parcels. Located in the Commercial Highway District....a perfect location to develop this lot for many types of businesses. Check with zoning for approved uses.
Great opportunity to develop this lot that is currently zoned CH (Commercial Highway District). Bring your plans and imagination to this location. Many available uses-(check with zoning)
Welcome to 633 E Lancaster Avenue, a prime commercial property nestled in the heart of the bustling Lancaster Avenue corridor. Boasting a strategic location and an array of desirable features, this investment opportunity presents a lucrative prospect for savvy investors seeking high income-producing assets. Situated on the vibrant Lancaster Avenue corridor, this property enjoys maximum exposure to high traffic flow, ensuring exceptional visibility and accessibility for businesses. Spanning an expansive 9760 square feet, the building offers ample space to accommodate various commercial endeavors. Additionally, the property rests on a generous .56-acre lot, providing substantial room for expansion or development. With over 40 parking spaces available, convenience is prioritized for customers and tenants alike, enhancing the property's appeal and accessibility. Currently leased to a reputable Collision Center, the property benefits from a stable income stream. Furthermore, the tenant assumes responsibility for water, sewer, taxes, and utilities, alleviating the landlord of additional operational costs. This property presents a compelling addition to any investment portfolio, boasting high income-producing potential fueled by its prime location and established tenant. With its strategic location, sizeable footprint, and attractive lease terms, 633 E Lancaster Avenue represents an enticing investment opportunity for discerning investors. Whether seeking to diversify an existing portfolio or capitalize on the thriving commercial landscape of Lancaster Avenue, this property promises enduring value and lucrative returns. Don't miss out on the chance to secure a foothold in one of the region's most coveted commercial corridors. Schedule a viewing today and seize the opportunity to elevate your investment portfolio with this exceptional property.
ð Profitable Chinese Restaurant with Over 30 Years of Established Success! ð Location: Wyomissing, PA, Berks County Are you ready to step into the vibrant world of restaurant ownership with a tried-and-true gem? Look no further! This renowned Chinese restaurant, nestled in the heart of Wyomissing, PA, is now available for acquisition. Boasting over three decades of excellence at the same coveted location, this establishment has become a beloved culinary destination for locals and visitors alike. Key Highlights: 𥢠**Proven Success**: With a steady gross income of over $700,000 annually, this restaurant has solidified its status as a profitable venture. 𥢠**Turnkey Operation**: Walk into a fully equipped and operational restaurant ready to continue its legacy of excellence. From kitchen equipment to dining furniture, everything you need is here to hit the ground running. 𥢠**Liquor License Included**: Enhance your offerings and boost revenue streams with the added advantage of a liquor license. Elevate the dining experience and attract a broader clientele. 𥢠**Documented Financials**: Transparency is paramount. Rest assured, detailed financial records are available upon signing a Non-Disclosure Agreement (NDA), allowing you to make informed decisions confidently. 𥢠**Supportive Transition**: The current owner is committed to ensuring a smooth transition. Benefit from their expertise and guidance as you embark on this exciting journey. Opportunities like this don't come around often. Whether you're an experienced restaurateur looking to expand your portfolio or an aspiring entrepreneur ready to make your mark, this is your chance to own a piece of culinary history. Don't miss out on this exceptional opportunity. Schedule a viewing today and take the first step towards realizing your dreams of owning a successful restaurant in a thriving community. Serious inquiries only. Non Disclosure Agreement Required for All Appointments and More Information. Contact us to receive more information and secure your future in the restaurant industry!
If you ever dreamed of owning your own profitable business, you need to consider this property. Owners built a great business. Once a thriving restaurant the present business is presently a banquet hall with stage and an event facility for weddings, office parties, retirement dinners, etc. Presently there are limited restaurant hours and a busy and profitable catering business. Owners are willing to include all food preparation equipment for an extra $150,000. They are willing to remain for a period of time at buyerâs request to transfer their business and share their winning recipes. Of course, new owners may want to expand on menus and procedures to make it their own. If either the banquet and/or catering business is going to be continued, the buyers should inform the owners if they want the owners to continue accepting reservations. Owners would consider holding a mortgage of up to half of the purchase price. This property is in top notch shape with quality systems throughout. The owners do things right. Present occupancy is 148. This property is ideal for many other uses. Owners are willing to dispose of restaurant furniture and food preparation equipment and sell the building separately. There is lots of potential for more parking, outdoor activities, commercial, retail or even area to expand the facility or even build a separate residence. Come see the possibilities to fulfill your desires to own and grow a profitable business.
Many possibilities with this 7.7 acre lot zoned "IC Industrial Commercial District" with road frontage along Route 61 and Peach Street. This property is located next to a Sheetz Gas Station and central to many other commercial and industrial businesses. Great location along a high traffic road and close to other major roads (I-78, PA-222, PA-422) and other conveniences. Utilities readily available include electric, natural gas, telephone, public water, and public sewer. Part of the lot is set up for water retention that would serve this property and currently serves some of the other building lots. 2-4 acres can probably be developed, and may require engineering to verify. The public sewer tie-in approval will be determined by Ontelaunee Township depending on the desired capacity. Start your planning today!
Completely Remodeled Stone Mansion Enjoying the privacy of a quiet cul-de-sac street with easy access to Rt. 61 and Rt. 222 is a historic 18th Century home, boasting unique mixed use/commercial possibilities. Originally the Stone Mansion Inn, this beautiful stone home is a showcase of quality craftsmanship with extensive renovations that elevate its original character and charm with modern luxuries, such as all replacement windows, 9 ft.+ ceilings, and hardwood flooring throughout. The stone pillar entry offers a stately welcome as you venture up the paved driveway to the two-car garage, featuring stone walls and a high, cathedral ceiling, as well as multiple paved parking spaces outside. Admire the curb appeal of a stone façade with metal roof, long stone walkway leads, and expansive, covered front porch with slate flooring. Inside, the large, inviting entryway with beautiful open staircase makes another awesome first impression, leading straight through to the kitchen. Oversized doorways create a seamless flow throughout the main level, starting with the spacious living room with corner, brick fireplace with ceiling-height, decorative wood surround and matching chair rail molding, before leading to the elegant dining room with picture frame molding and built-ins. Choose to relax in the versatile family room, enhanced by a ceiling fan and crown molding, or work without distractions in the awesome den, elevated by a double door entry, wainscoting, and a wood ceiling, while back staircase access, garage access, and exterior entrance make it easy to come and go as you please. The completely updated kitchen is a chefâs delight with custom-built cabinetry by FeatherLodge, soft close drawers and dovetail joints, beautiful quartz countertops and tile backsplash, new appliances including built-in dishwasher and range, tile flooring, and recessed lighting, while the large center island with vegetable sink and access to covered side patio make entertaining easy. Enjoy the convenience of a mudroom/laundry with newer tile floor, wash bin sink, and exterior entrance, as well as a powder room w farm sink-style vanity and tile flooring. The fantastic Master bedroom is highlighted by random width wood floors, a corner brick fireplace with decorative wood surround, and a private bathroom, featuring barn door entry, wood ceiling and tile floors, a large, glass-door shower with bench, double vanity, walk-in closet, and crown molding. Down the hall, three additional bedrooms have random width hardwood floors and share a hall bathroom with tile flooring, tile tub/shower, and double vanity. The huge, walkup 3rd level hosts 2 additional BRs with carpeting and wood ceilings that share a full tile bathroom with quartz top vanity and tile shower with glass door, as well as a full, carpeted rec room with stone walls and recessed lighting. The unfinished basement with bilco door/stairs offers plenty of storage space, while the property also features a stone springhouse and stone retaining walls. Soak up the sun and serenity of your sprawling, 1.59-acre lot from your massive patio with a covered area great for outdoor dining.
Currently used as a dance studio, this large building has endless possibilities! Main entry of the building serves as a lobby and office. After entering main hallway, you will find to your right a very large dance studio. Studio has gas forced air heat unit .This portion of the building has window AC units. Entire 1st floor is an extremely long hallway connecting a series of rooms and the main dance studio. Up the steps from the waiting room, is 2nd level that houses two different studios. Additional studios heated by main studio furnace and cooled with window AC units. Back door of downstairs studio leads to large warehouse. Warehouse is 3 floors tall and has two furnaces that heat lower area. Can also be heated by natural gas heat. Large ADA Compliant bathroom. End of hallway is waiting room/lobby with entrance to an office. Building exterior has two separate parking areas. Left side of the building includes a handicapped space and handicapped ramp available. Go for showing today!
