2100 Kutztown RdReading, PA 19605

Property Details for 2100 Kutztown Rd

Year built

1970

Lot size

0.09 AC

Property size (Sq ft)

1,776 SF

Property type

Retail properties

Property subtype

Auto shops

APN

5308-76-91-8775

APU

530876918775

Description

This thriving automotive repair business in Reading, Pennsylvania, presents a unique owner-user investment opportunity. Located at 2100 Kutztown Rd, 19605, this fee-simple property boasts a 1,750 square foot building on a 0.09-acre lot. Built in 1970, the single-story Class B building features three repair bays, fully equipped and operational, ensuring a seamless transition for the new owner. The business is currently operating at 100% occupancy, with the sale including the real estate, all business assets, and a valuable existing customer list. The property is zoned MC - Manufacturing Commercial, providing flexibility for future expansion or adaptation. The asking price is $340,000, translating to $194.29 per square foot. The sale is scheduled to close on June 1st, 2024. This turnkey operation offers immediate income and significant growth potential in a desirable location. The property's strong performance history and established clientele make it an attractive investment for both seasoned entrepreneurs and first-time business owners. Don't miss this chance to acquire a profitable and well-established business with the added benefit of owning the real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $402,965

  6.5%

  $371,967

  7%

  $345,398

• Comparable approach

  Method

  Valuation

  Relative Method

  $343,181

  Geo Method

  $584,771

• Alternative Use

  Use

  Valuation

  Residential

  $313,768

  Hospitality

  $287,410

  Educational

  $239,122

  Medical

  $247,346

  Retail

  $371,967

Location Insight

City

Reading

County

Berks

State

Pennsylvania

Latitude

40.3669

Longitude

-75.9197

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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