Restaurant Building with
For Sale
$220,000
1651 FAIRVIEW STREET, Reading, PA 19606
Established restaurant property with a walk-in cooler, updated equipment, and an associated parking lot.
Property Size2,000 SF
Price / SF$110
Days on Market51
Property Features for 1651 FAIRVIEW STREET
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Additional Details
Equipment Included
Yes
Building Details
Year Built
1950
Listing Agency:
Coldwell Banker Realty
Listed By:
Samuel Acevedo
(610) 373-9900
Source:
Cummingsrealtors
Added: Aug 18
Changed: Oct 7
Last Checked: Oct 7 at 1:04PM
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 conventional restaurant property was built in 1950 and includes restaurant equipment, a walk-in cooler, and newer equipment. The parking lot is included with the property and carries a separate tax ID, providing a distinct parcel component for the site.
Key Highlights
- Restaurant property built in 1950
- Walk‑in cooler included
- Newer equipment in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,902
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,040
$398.0K
Cap Rate 7%
$284,314
$284.3K
Cap Rate 9%
$221,133
$221.1K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$28.1K $14.04/SF
− Vacancy
−$1.5K −$0.77/SF
EGI
$26.5K $13.27/SF
− OpEx
−$6.6K −$3.32/SF
NOI
$19.9K $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%
$398,040
Cap Rate 7%
$284,314
Cap Rate 9%
$221,133
Alternative Uses
Best Use
Specialty Retail
$284.3K
$248.8K – $331.7K
NOI $19,902 @ 7.0% cap · market cap 9.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$328.3K
$287.3K – $383.0K
NOI $22,982 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19606, PA
35,153
Population
14,593
Households
2.4
Avg Household Size
42
Median Age
29%
College-Educated
93%
High-School Grad
26.7 sq mi
ZIP Area
1,317
Density / Sq Mi
$81,872
Median Household Income
$45,583
Median Earnings
$1,282
Median Rent
$229,400
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant property with a walk-in cooler, updated equipment, and an associated parking lot.
Where is this conventional restaurant located?
The property is located at 1651 FAIRVIEW STREET Reading, PA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Restaurant property built in 1950; Walk‑in cooler included; Newer equipment in place
