1501 9Th StReading, PA 19604

Property Details for 1501 9Th St

Year built

1970

Lot size

0.22 AC

Property size (Sq ft)

1,475 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

5317-29-08-1409

APU

531729081409

Description

This exceptional investment opportunity presents five established laundromats located in Berks County, Pennsylvania, specifically in Reading, zip code 19604, at 1501 N 9th Street. The portfolio offers a combined square footage ranging from 2,000 to 7,500 square feet, with each laundromat individually priced at $900,000. The total asking price for the entire package is $4,500,000. This presents a unique opportunity for investors seeking immediate income generation or portfolio diversification. Each laundromat is a separately operating business, allowing for flexibility in acquisition. Whether you're interested in a single laundromat or the entire portfolio, this offering provides a solid foundation for growth within a stable market. The properties are situated in a convenient location within Reading, ensuring accessibility for a wide customer base. Detailed financial information and operational data are available upon request. This is a rare chance to acquire a well-established and profitable laundromat business, either as a complete portfolio or individual units. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $334,669

  6.5%

  $308,926

  7%

  $286,859

• Comparable approach

  Method

  Valuation

  Relative Method

  $285,018

  Geo Method

  $485,663

• Alternative Use

  Use

  Valuation

  Residential

  $260,590

  Hospitality

  $238,699

  Educational

  $198,595

  Medical

  $205,425

  Retail

  $308,926

Location Insight

City

Reading

County

Berks

State

Pennsylvania

Latitude

40.3579

Longitude

-75.9192

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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