Mixed-Use Pub with
1500 N 10TH STREET, Reading, PA 19604
For Sale
New
$850,000
The property combines an operating bar business with four rented residential apartments.
Property Size3,794 SF
Price / SF$224.04
Days on Market4
Property Features for 1500 N 10TH STREET
General Information
Standard status
Size
Property subtype
Financials
Gross Income
Average Monthly Rent
Business Included
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Pagoda Realty ERA Powered
(610) 985-7700
Listed By:
Jimmy Thelusca · License PA RS333622
(610) 927-7466
Source:
Cummingsrealtors
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 3:49PM
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 Pagoda Realty ERA Powered
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Investment Insights
Based on property information with market context.
At 1500 N 10th Street in Reading, this 3,794-square-foot mixed-use property combines an operating pub with four residential apartments. The building dates to 1910, and the apartments are currently rented. The sale includes the real estate, the pub business, and its associated equipment.
The commercial space and apartments are part of a five-unit property in Reading, Pennsylvania.
The commercial space and apartments are part of a five-unit property in Reading, Pennsylvania.
Key Highlights
- Operating pub business with four rented apartments
- 3,794‑square‑foot mixed‑use property
- Sale includes real estate, business, and associated equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,754
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$755,080
$755.1K
Cap Rate 7%
$539,343
$539.3K
Cap Rate 9%
$419,489
$419.5K
Market Conditions
NOI Build-Up for 3,794 SF
Gross rent
$53.3K $14.04/SF
− Vacancy
−$2.9K −$0.77/SF
EGI
$50.3K $13.27/SF
− OpEx
−$12.6K −$3.32/SF
NOI
$37.8K $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%
$755,080
Cap Rate 7%
$539,343
Cap Rate 9%
$419,489
Alternative Uses
Best Use
Specialty Retail
$539.3K
$471.9K – $629.2K
NOI $37,754 @ 7.0% cap · market cap 4.44%
Second Best
Mixed Use
$536.6K
$469.5K – $626.0K
NOI $37,561 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$622.8K
$545.0K – $726.6K
NOI $43,598 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
739
Businesses Nearby
Explore this area
Business Placement
Demographics for 19604, PA
29,347
Population
10,089
Households
2.9
Avg Household Size
29
Median Age
10%
College-Educated
70%
High-School Grad
2.5 sq mi
ZIP Area
11,739
Density / Sq Mi
$52,863
Median Household Income
$30,975
Median Earnings
$1,100
Median Rent
$110,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Berks County, PA
Properties on Market for Mixed-use properties in Berks County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines an operating bar business with four rented residential apartments.
Where is this mixed-use property located?
The property is located at 1500 N 10TH STREET Reading, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Operating pub business with four rented apartments; 3,794‑square‑foot mixed‑use property; Sale includes real estate, business, and associated equipment
