1170 Perkiomen AveReading, PA 19602

Property Details for 1170 Perkiomen Ave

Year built

1960

Lot size

0.17 AC

Property size (Sq ft)

1,161 SF

Property type

Retail properties

Property subtype

Retail space

APN

5316-22-19-5699

APU

531622195699

Description

This exceptional investment opportunity presents a portfolio of four thriving laundromats located in Reading, Pennsylvania. The asking price for this package deal is $4,000,000, encompassing all four properties, their respective businesses, and all associated equipment. Each laundromat contributes to a substantial and proven income stream. The combined square footage totals 13,200 square feet, with an average price per square foot of $303.03. Detailed financial information for each individual property is available upon request. While the properties can be purchased separately, a package deal is strongly preferred. The four locations are strategically positioned throughout Reading, at 1112 Muhlenberg St, 1170 Perkiomen Ave, 121 S 5th St, and 1501 N 9th St, all within the 19602 and 19604 zip codes. This turnkey operation offers a rare chance to acquire a well-established and profitable business with significant growth potential. Serious inquiries are encouraged. All offers will be considered.

• CAP approach

  CAP return

  Valuation

  6%

  $263,424

  6.5%

  $243,161

  7%

  $225,792

• Comparable approach

  Method

  Valuation

  Relative Method

  $224,343

  Geo Method

  $382,275

• Alternative Use

  Use

  Valuation

  Residential

  $205,115

  Hospitality

  $187,885

  Educational

  $156,318

  Medical

  $161,694

  Retail

  $243,161

Location Insight

City

Reading

County

Berks

State

Pennsylvania

Latitude

40.3337

Longitude

-75.9145

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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