910 Penn AveRobesonia, PA 19551

Property Details for 910 Penn Ave

Year built

1978

Lot size

1.79 AC

Property size (Sq ft)

5,760 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

4347-01-26-9877

APU

434701269877

Description

This exceptional turnkey restaurant and diner opportunity is located at 910 W Penn Avenue in Robesonia, Pennsylvania. The property boasts a substantial 8,900 square feet of space, perfectly suited for continued operation or creative redevelopment. Included in the sale are all furniture, fixtures, and equipment, allowing for a seamless transition for a new owner. The expansive 1.79-acre lot provides ample parking, a significant advantage given the property's high-traffic location. The building enjoys extensive frontage along heavily traveled Route 422/W Penn Avenue, ensuring high visibility and accessibility for customers. This well-established business is a local landmark, benefiting from a built-in customer base and strong brand recognition within the community. The sale price is $1,600,000. This presents a rare chance to acquire a thriving business with significant potential for growth and profitability in a prime location. The property's size and location make it an attractive investment for both experienced restaurateurs and those seeking a turnkey operation with immediate revenue generation. The existing infrastructure and equipment minimize the start-up costs associated with launching a new venture. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,306,912

  6.5%

  $1,206,381

  7%

  $1,120,210

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,113,019

  Geo Method

  $1,896,556

• Alternative Use

  Use

  Valuation

  Residential

  $1,017,627

  Hospitality

  $932,141

  Educational

  $775,530

  Medical

  $802,202

  Retail

  $1,206,381

Location Insight

City

Robesonia

County

Berks

State

Pennsylvania

Latitude

40.357

Longitude

-76.16

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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