Reading, PA 19601,19 N 9TH ST
Reading, PA 19601,19 N 9TH ST
Reading, PA 19601,19 N 9TH ST
Reading, PA 19601,19 N 9TH ST
Reading, PA 19601,19 N 9TH ST
Reading, PA 19601,19 N 9TH ST
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$500,000

$600,000

16.7%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

5,312 SqFt


SOLD DATE : 01/09/2024

Key Details

Sold Price $500,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 5,312 sqft

Price per Sqft $94

MLS Listing ID PABK2035082

Sold Date 01/09/24

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $2,383

Tax Year 2022

Lot Size 2,178 Sqft

Acres 0.05

Lot Dimensions 0.00 x 0.00

Property Description

Introducing a prime mixed-unit commercial property opportunity that combines business potential and residential convenience in one package. This listing encompasses two parcels, offering a unique blend of features to cater to both investors and entrepreneurs alike. Situated on a bustling corner lot with heavy consumer traffic, this property offers unparalleled visibility and accessibility for your commercial endeavors.
The highlight of this offering is the turnkey laundromat business, strategically located on the first floor of the building. This established operation boasts 15 washers and 18 dryers, all leased and backed by worry-free maintenance coverage. The laundromat is fully equipped with essential amenities, including an office space, a dedicated folding station, and a convenient half bathroom. Vending machines, an ATM, and a change machine add to the convenience and revenue potential. Highest and Best by Thursday 10/05/2023 by 5PM

To the left of the laundromat business, there is a private entrance leading to two well-appointed apartments on the second and third floors. These apartments feature a total of 3 bedrooms and 1 bathroom each, making them ideal for long-term rental income or other creative uses. Additionally, a separate private entrance to the right offers a 2 bedroom apartment with 1 bathroom, further enhancing the property's income potential.
All utilities are separately metered and have been updated, ensuring efficiency and cost control for both the commercial and residential spaces.

A brand-new roof was just recently installed. There are numerous opportunities for the new owner to increase profitability from the laundromat business, capitalize on the 7 off-street parking spots, and optimize the residential portion for maximum income potential. The basement provides ample storage space, further enhancing the property's functionality.

The owner used to have Pennsylvania Skill games and U-Haul rentals on site. The property is being sold As-Is. For more information and to schedule a showing, please contact the listing agent. Don't miss out on this opportunity to own this profitable venture!

Location

State PA

County Berks

Area Reading City (10201)

Zoning MIXED USE

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Equipment Negotiable

Heat Source Electric

Exterior

Garage Spaces 7.0

Utilities Available Electric Available, Water Available, Sewer Available, Natural Gas Available

Water Access N

Accessibility None

Total Parking Spaces 7

Garage N

Building

Lot Description Additional Lot(s), Corner

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Reading

Others

Tax ID 08-5317-77-00-0487

Ownership Fee Simple

SqFt Source Assessor

Security Features Exterior Cameras

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Vincent Kates Jr. • Keller Williams Real Estate - Newtown
Bought with Jose Manzueta • Iron Valley Real Estate of Berks
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(609) 349-2987

balletto.j@gmail.com

12 Terry Drive Suite 204, Newtown, Pennsylvania, 18940, United States

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