$500,000
$600,000
16.7%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Jose Manzueta • Iron Valley Real Estate of Berks
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
12 Terry Drive Suite 204, Newtown, Pennsylvania, 18940, United States