Property summary
This exceptional Reading, PA property presents a rare dual-income opportunity, combining a thriving commercial space with a separate residential home. Located at 1600 Elizabeth Avenue, the 3,586 square foot commercial building sits on a 0.13-acre lot and boasts high visibility, making it an ideal investment. Currently leased to a restaurant tenant at $4,500 per month, the commercial space includes a dedicated garage and ample off-street parking. The restaurant's lease ensures a consistent income stream. Adjacent to the commercial building is a three-bedroom, one-bathroom residential home, recently vacated after generating $2,275 in monthly rental income. This property offers significant potential for immediate cash flow and long-term appreciation. The combination of a stable commercial tenant and the potential for residential rental income makes this a truly unique investment opportunity in a desirable location. The property's size and layout provide flexibility for future uses and expansion, catering to a wide range of investor strategies. The high visibility location ensures strong tenant appeal and potential for increased rental income. This is a turnkey investment ready for immediate returns. Don't miss this chance to acquire a property with exceptional income potential and a prime location in Reading, PA. The asking price is $675,000.
Property profile
VerifiedCap rate & NOI
Current use
-
Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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