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    Boyertown Commercial Property For Sale Title is generated by Realmo AI

    1306 READING AVENUE, Boyertown, PA 19512

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    For Sale
    $385,000

    Commercial property with successful restaurant tenant in place on Route 562.

    Type:Commercial/Industrial
    Property size:
    2,388 SF
    Lot size:
    0.77 Acres
    Price / SF:
    $161/SF
    Added:
    Feb 23, 2024
    Days on Market:
    840
    Last Refresh:
    May 19 at 9:05 pm

    Property Features for 1306 READING AVENUE

    General Information

    Standard status
    Active
    Size
    2,388 SF
    Lot size
    0.77 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Anthony Tosco

    Listing agent Anthony Tosco License #RM423457

    Listing office Tosco Real Estate Services

    Listing date Feb 23, 2024

    Source Exitrealty

    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 Tosco Real Estate Services

    HighLights

    • Successful tenant in place providing immediate income.
    • Located on the highly traveled Route 562 corridor.
    • Commercial property suitable for investment.
    • Current tenant operates a pizzeria/restaurant.
    • Approximate sq. ft. is 2388.
    • Property built in 1950.

    Overview

    This commercial property for sale is located in Boyertown on the highly traveled Route 562 corridor. The current tenant successfully operates a pizzeria and restaurant from this location. The approximate square footage of the property is 2388.

    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 $33.5k $14.04
    − Vacancy −$1.8k −$0.77
    EGI $31.7k $13.27
    − OpEx −$7.9k −$3.32
    NOI $23.8k $9.95
    2,388 SF · lease $14.04/SF/yr · vacancy 5.50% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $339.5K
    $297.0K – $396.1K (±1% cap)
    NOI $23,763 @ 7.0% cap · market cap 6.17%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $392.0K
    $343.0K – $457.4K (±1% cap)
    NOI $27,441 @ 7.0% cap · market cap 7.13%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom Department Store HVAC Service Food Market Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Boyertown
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.6891
    Latitude
    40.315

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    FAQs

    What type of property is this?
    Conventional restaurant - Commercial property with successful restaurant tenant in place on Route 562.
    Where is this conventional restaurant located?
    The property is located at 1306 READING AVENUE Boyertown, PA.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: Successful tenant in place providing immediate income.; Located on the highly traveled Route 562 corridor.; Commercial property suitable for investment.
    (610) 587-5885
    We can help!
    Listing Contact
    Anthony Tosco
    Real Estate License ID: RM423457
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