500 Hoch RdBlandon, PA 19510

Property Details for 500 Hoch Rd

Year built

1997

Lot size

1.66 AC

Property size (Sq ft)

4,194 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

5420-06-49-7903

APU

542006497903

Description

This 4,194 square foot freestanding commercial building in Blandon, Pennsylvania, is available for sale. Located at 500 Hoch Rd, 19510, in Berks County, this single-unit property sits on a 1.66-acre lot and is zoned C-1. Built in 1997, the building offers a turnkey opportunity for an owner-user. The asking price is $800,000, translating to $190.75 per square foot. The property's prime location along a busy road is surrounded by apartments and other retail businesses, making it ideal for a variety of uses. The building is currently configured as a restaurant and storefront, but its versatile zoning allows for various commercial applications. A separate purchase option includes a turn-key Italian restaurant business, complete with inventory and a Berks County liquor license, for an additional $400,000. This presents a unique opportunity to acquire a thriving business alongside a strategically located commercial property in a high-growth area.

• CAP approach

  CAP return

  Valuation

  6%

  $951,596

  6.5%

  $878,396

  7%

  $815,653

• Comparable approach

  Method

  Valuation

  Relative Method

  $810,417

  Geo Method

  $1,380,930

• Alternative Use

  Use

  Valuation

  Residential

  $740,960

  Hospitality

  $678,715

  Educational

  $564,683

  Medical

  $584,103

  Retail

  $878,396

Location Insight

City

Blandon

County

Berks

State

Pennsylvania

Latitude

40.4434

Longitude

-75.8645

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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