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    900 Penn Ave Reading, PA 19610

    For Sale
    $550,000

    BusinessOpportunity - WYOMISSING, PA

    Type:Retail
    Lot size:
    0.50 Acres
    Days on Market:
    303
    Last Refresh:
    Dec 6 at 2:06 pm

    Property Features for 900 Penn Ave

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active
    Parking
    55
    Parking features
    Parking Lot
    Lot size
    0.50 Acres

    Utilities

    Heating system
    Forced Air, Central

    Building Details

    Year built
    2024
    Building materials
    Brick

    Springer Realty Group (484) 498-4000 [email protected]

    Listing agent Peter B Gustis (570) 640-3535 License #RS295392

    Listing date Feb 7, 2025

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Profitable Restaurant Business Opportunity

    A Chinese restaurant in Wyomissing, PA, Berks County, is available for acquisition. The restaurant has been in operation for over three decades at the same location. The business has a gross income of over $700,000 annually. The sale includes a fully equipped and operational restaurant, ready for continued operation. A liquor license is included. Detailed financial records are available upon signing a Non-Disclosure Agreement (NDA). The current owner is committed to ensuring a smooth transition. The property is located at 900 PENN Avenue, WYOMISSING, PA 19610 and the lot size is 0.5 acres.
    Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Mayo's Catering & Events, Bravo For Rose Catering, El Anafe, Catering by Doubletree Reading

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.95602137
    Latitude
    40.3356926

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    FAQs

    What type of property is this?
    Restaurant - Established Chinese restaurant for sale in Wyomissing, PA.
    Where is this restaurant located?
    The property is located at 900 Penn Ave Reading, PA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Established, Profitable Restaurant: Over 30 years of success with a proven track record and a gross annual income exceeding $700,000.; - Turnkey Operation: Fully equipped and operational.; - Liquor License Included: Enhances revenue potential.
    (570) 640-3535
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    900 Penn Ave Reading, PA 19610
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    Reading, PA 19610
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    900 Penn Ave Reading, PA 19610
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