5 Penn AveWernersville, PA 19565

Property Details for 5 Penn Ave

Year built

1890

Construction

FRAME

Lot size

0.23 AC

Property size (Sq ft)

15,520 SF

Property type

Retail properties

Property subtype

Bars

APN

4366-11-57-6450

APU

436611576450

Description

This exceptional investment opportunity presents a 42-unit multi-family property located at 5 E Penn Avenue, Wernersville, PA. The 8,000 square foot building sits on a 0.41-acre lot and is currently generating a projected annual net operating income (NOI) of $430,000. The property boasts a diverse tenant mix, including 38 residential rooming units (17 with private bathrooms) and four thriving commercial spaces. These commercial units comprise a bar, a cafe, a fully equipped kitchen, and a spacious restaurant/ballroom area suitable for events, along with a thrift shop. Adding to the investment potential is an included additional parcel across the street, encompassing a barn with its own parking lot. This secondary parcel, with existing zoning approval, offers significant expansion possibilities, potentially allowing for additional storage, parking, or even further residential units. The property's prime location in a high-traffic area ensures consistent occupancy and income. This historic building offers a blend of stable income and substantial upside potential for a discerning investor. Detailed financial information is available upon request. All offers will be considered.

Location Insight

City

Wernersville

County

Berks

State

Pennsylvania

Latitude

40.3299

Longitude

-76.0794

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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