Restaurant with Residential Upper
104 North 4th Street Reading, PA 19601
104 North 4th Street, Reading, PA, 19601
$420,000
For Sale
$420,000
First-floor fully equipped restaurant with residential capacity above, suited for mixed-use ownership and an owner-operator setup.
Property Size2,968 SF
Price / SF$141.51
Days on Market73
Property Features for 104 North 4th Street
General Information
- Standard status
- Active
- Size
- 2,968 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
Coldwell Banker Realty
(484) 721-0045
Listed by
Myriam Dorsainville · License #RS370059
(484) 721-0045
Source
Compass
Added: May 10 Updated: Jul 10 at 1:51PM Checked: Jul 20 at 3:54AM
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 property is a mixed-use building featuring a fully equipped restaurant on the first floor, with substantial residential capacity above. The configuration supports food-service operations while retaining dedicated living space in the same structure.
Located in Reading, the offering is described as benefiting from local foot traffic and easy accessibility. Public transportation is also nearby, with a bus stop located less than 1 mile from the property.
For a tenant-buyer or owner-operator, the layout can support on-site restaurant use together with residential space overhead. It may also appeal to investors seeking a single building that combines income-generating food service with residential capacity, based on the property’s current configuration.
Located in Reading, the offering is described as benefiting from local foot traffic and easy accessibility. Public transportation is also nearby, with a bus stop located less than 1 mile from the property.
For a tenant-buyer or owner-operator, the layout can support on-site restaurant use together with residential space overhead. It may also appeal to investors seeking a single building that combines income-generating food service with residential capacity, based on the property’s current configuration.
Key Highlights
- First‑floor fully equipped restaurant with residential capacity above for mixed‑use living and business use
- Includes appliances: gas oven/range and refrigerator
- Interior features include eat‑in kitchen and tub/shower bathroom
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.7k | $14.04 |
| − Vacancy | −$2.3k | −$0.77 |
| EGI | $39.4k | $13.27 |
| − OpEx | −$9.8k | −$3.32 |
| NOI | $29.5k | $9.95 |
2,968 SF · lease $14.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$421.9K
$369.2K – $492.2K
NOI $29,534 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$487.2K
$426.3K – $568.4K
NOI $34,106 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Melly's carribean
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - First-floor fully equipped restaurant with residential capacity above, suited for mixed-use ownership and an owner-operator setup.
Where is this conventional restaurant located?
The property is located at 104 North 4th Street 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: First‑floor fully equipped restaurant with residential capacity above for mixed‑use living and business use; Includes appliances: gas oven/range and refrigerator; Interior features include eat‑in kitchen and tub/shower bathroom
