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1600 Elizabeth Ave Reading, PA 19605

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For Sale
$675,000

Dual-income retail & residential investment

Property size:
3,586 SF

Property Features for 1600 Elizabeth Ave

General Information

Property type
Retail properties
Square Feet
3,586 SF
Lot Size
5,663 SF

Building Details

Year Built
1929

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Listing Contact
Jerry Buffa

Listing Agency: Coldwell Banker Realty Listing Agent: Jerry Buffa

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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 Insight Report Location Intelligence

Current Use by Public Records

Nava’s La Terraza Restaurant

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

Location Insight

  • Map
  • Local Demand
City
Reading
County
Berks
State
Pennsylvania
Longitude
-75.91153
Latitude
40.39006

FAQs

What type of property is this?
Retail property - Dual-income retail & residential investment
Where is this retail property located?
The property is located at 1600 Elizabeth Ave Reading, PA.
What is the asking price?
The asking price for this property is $675,000.
More about this property
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