1013 Reading AveBoyertown, PA 19512

Property Details for 1013 Reading Ave

Year built

1920

Construction

FRAME

Lot size

0.57 AC

Property size (Sq ft)

7,286 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

5386-09-15-6971

APU

538609156971

Description

This exceptional investment opportunity presents a thriving full-service restaurant and bar situated on a 1.09-acre lot in Boyertown, Pennsylvania. The property, located at 1013 Reading Ave, boasts 8,211 square feet of space spread across two buildings and two stories, offering ample room for dining, entertainment, and kitchen operations. The main building houses a spacious, fully equipped kitchen and bar, ready to accommodate any culinary concept. An expansive outdoor deck, complete with its own bar, provides additional seating and a perfect setting for al fresco dining and events. Adding significant value, a recent connection to the public sewer system, estimated at $600,000, eliminates ongoing septic concerns. Included in the sale is a charming two-bedroom single-family home, providing additional living space or potential rental income. Furthermore, a vacant lot offers the possibility of expanding parking or future development. Built in 1920 and extensively renovated in 2020, this property is zoned for commercial use and features two parcels with three total lots, identified by APN numbers 41-5386-09-15-6971 and 41-5386-09-15-59. The asking price for this turnkey operation is $1,000,000. This is a rare opportunity to acquire a well-established, high-potential business with significant upgrades and substantial land in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,955,380

  6.5%

  $2,728,043

  7%

  $2,533,183

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,518,919

  Geo Method

  $2,399,012

• Alternative Use

  Use

  Valuation

  Residential

  $2,301,206

  Hospitality

  $2,107,893

  Educational

  $1,753,742

  Medical

  $1,814,056

  Retail

  $2,728,043

Location Insight

City

Boyertown

County

Berks

State

Pennsylvania

Latitude

40.319

Longitude

-75.6635

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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