For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
The Largest CRE Database in the US with Over 1 Million Listings

5 E Penn Ave Wernersville, PA 19565

View on Map
Loading data...
Loading data...
Loading data...
For Sale
$2,850,000

42-unit historic building with commercial spaces and additional parcel.

Lot size:
0.41 Acres

Property Features for 5 E Penn Ave

General Information

Standard status
Active
Lot size
0.41 Acres

Building Details

Year built
1890

We can help!

Listing Contact
Jimmy Thelusca
Jimmy Thelusca
Source: Exitrealty

Listing Agency: Pagoda Realty Listing Agent: Jimmy Thelusca

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

Learn more


Overview

Historic Mixed-Use Investment Opportunity

This 42-unit historic building presents a rare investment opportunity in a prime, high-traffic location. The property features 38 residential rooming units, 17 of which include private bathrooms, and four thriving commercial spaces. The commercial units are anchored by an open bar, a cafe, a fully equipped kitchen, and a spacious restaurant/ballroom area suitable for events. A thrift shop also contributes to the building's diverse tenant mix. The sale includes an additional parcel across the street, featuring a barn with its own parking lot. This versatile space, with zoning approval, could be transformed into additional storage, parking, or expanded living quarters, offering further potential to increase value. The property is projected to generate an annual net operating income of $430,000, offering stable income with significant upside for investors.
Location Intelligence

Current Use by Public Records

Penn Werner Hotel Bar & Pub Penn Werner Hotel ... Bar & Pub BigDaveIsFat Theater & Performing Art Venue ATM Atm True's Cuppa Love Cafe & Coffee Shop

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Auto Repair Shop

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

Location Insight

  • Map
  • Local Demand
City
Wernersville
County
Berks
State
Pennsylvania
Longitude
-76.079071
Latitude
40.32989

FAQs

What type of property is this?
Mixed-use property - 42-unit historic building with commercial spaces and additional parcel.
Where is this mixed-use property located?
The property is located at 5 E Penn Ave Wernersville, PA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: - Projected annual NOI of $430,000; - 42-unit historic building in a prime, high-traffic location; - Four thriving commercial spaces, including a bar, cafe, kitchen, and restaurant/ballroom
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message