Mixed-Use Property With
For Sale
$420,000
104 N 4th Street Reading Pa, Reading, PA 19601
Ground-floor restaurant space is paired with residential capacity on the upper level.
Property Size1,742 SF
Price / SF$241.10
Days on Market55
Property Features for 104 N 4th Street Reading Pa
General Information
Standard status
Active
Size
1,742 SF
Property subtype
Business Opportunity
Building Details
Year Built
1900
Listing Agency:
Coldwell Banker Realty
Listed By:
Myriam Dorsainville · License #RS370059
(484) 721-0045
Source:
Kathywolfgang
Added: Aug 13
Changed: Sep 22
Last Checked: Oct 6 at 12:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This mixed-use property combines a fully equipped restaurant on the ground floor with residential capacity above. The configuration supports both commercial and residential functions within the same building, offering an established restaurant component alongside upper-level living space.
Built in 1900, the property is located at 104 N 4th Street in Reading, Pennsylvania. The building’s two-part layout provides a clear separation between the restaurant and residential areas.
Built in 1900, the property is located at 104 N 4th Street in Reading, Pennsylvania. The building’s two-part layout provides a clear separation between the restaurant and residential areas.
Key Highlights
- Fully equipped restaurant occupies the ground floor
- Residential capacity is positioned above the restaurant
- Mixed‑use configuration combines commercial and residential functions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,334
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,680
$346.7K
Cap Rate 7%
$247,629
$247.6K
Cap Rate 9%
$192,600
$192.6K
Market Conditions
NOI Build-Up for 1,742 SF
Gross rent
$24.5K $14.04/SF
− Vacancy
−$1.3K −$0.77/SF
EGI
$23.1K $13.27/SF
− OpEx
−$5.8K −$3.32/SF
NOI
$17.3K $9.95/SF
Area
Berks County, PA
Vacancy
5.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,680
Cap Rate 7%
$247,629
Cap Rate 9%
$192,600
Alternative Uses
Best Use
Specialty Retail
$247.6K
$216.7K – $288.9K
NOI $17,334 @ 7.0% cap · market cap 4.13%
Second Best
Mixed Use
$246.4K
$215.6K – $287.4K
NOI $17,246 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$286.0K
$250.2K – $333.6K
NOI $20,018 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,664
Businesses Nearby
Explore this area
Business Placement
Demographics for 19601, PA
35,477
Population
14,024
Households
2.5
Avg Household Size
34
Median Age
12%
College-Educated
73%
High-School Grad
3.8 sq mi
ZIP Area
9,336
Density / Sq Mi
$41,133
Median Household Income
$30,433
Median Earnings
$986
Median Rent
$110,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor restaurant space is paired with residential capacity on the upper level.
Where is this mixed-use property located?
The property is located at 104 N 4th Street Reading Pa Reading, PA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Fully equipped restaurant occupies the ground floor; Residential capacity is positioned above the restaurant; Mixed‑use configuration combines commercial and residential functions
