Building Details

Year Built 1950

Listing Agency: Iron Valley Real Estate of Berks

Listed By: John W Griffin · License #RS291640 Show Phone

Source: Southjerseyshorehomesfinder

Added: Jul 21 Changed: Oct 8 Last Checked: Oct 20 at 11:43PM

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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 Iron Valley Real Estate of Berks

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Investment Insights

Based on property information with market context.

A turn-key scuba diving center business is available, operated as a complete business package (business only; property and building are not included). The operation is set up for immediate continuation with established systems and channels, including staff, inventory, website, and marketing already in place. The business supports scuba training and certification courses, along with equipment sales, gear rentals and service, and dive travel adventures.

The center has operated at its current high-visibility location for more than 26 years. It also includes convenient customer parking with a dedicated lot for approximately 15 vehicles, plus additional street parking.

This offering is positioned as a specialized retail and services operation focused on recreational scuba, backed by long-term local presence and continued customer demand through multiple revenue streams.

Key Highlights

• Established scuba diving center business available as a complete turn‑key operation (business only, not including property or building)
• Offers scuba training, equipment sales, rentals, service, and dive travel adventures
• Runs certification courses from Open Water through Instructor levels for multiple training revenue streams

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$50,697

Cap Rate

7.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,013,940 $1.0M

Cap Rate 7%

$724,243 $724.2K

Cap Rate 9%

$563,300 $563.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,000 SF

Gross rent

$75.6K $15.12/SF

− Vacancy

−$3.2K −$0.64/SF

EGI

$72.4K $14.48/SF

− OpEx

−$21.7K −$4.35/SF

NOI

$50.7K $10.14/SF

Area

Berks County, PA

Vacancy

4.20%

Lease Rate

$15.12 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,013,940

Cap Rate 7%

$724,243

Cap Rate 9%

$563,300

Alternative Uses

Best Use

Retail

$724.2K

$633.7K – $845.0K (±1% cap)

NOI $50,697 @ 7.0% cap · market cap 7.80%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$820.8K

$718.2K – $957.6K (±1% cap)

NOI $57,456 @ 7.0% cap · market cap 8.84%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

CORNER VAPE & SMOKE ... Grocery & Convenience Store Scuba Venture Inc (Bike/Boat/Book/etc) Store Unbank Bitcoin ATM Atm

Suggested Use

Top Pick Law Firm Dental Office HVAC Service Parking Lot & Garage Kitchen & Bath Showroom Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

458

Businesses Nearby

Explore this area Business Placement

Demographics for 19609, PA

10,478

Population

4,291

Households

2.4

Avg Household Size

40

Median Age

37%

College-Educated

93%

High-School Grad

2.3 sq mi

ZIP Area

4,556

Density / Sq Mi

$80,748

Median Household Income

$45,859

Median Earnings

$1,307

Median Rent

$222,000

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

School - Turn-key scuba diving center business includes training, equipment sales, rentals, service, and a dedicated parking lot.

Where is this school located?

The property is located at 2501 Penn Ave West Lawn, PA.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Established scuba diving center business available as a complete turn‑key operation (business only, not including property or building); Offers scuba training, equipment sales, rentals, service, and dive travel adventures; Runs certification courses from Open Water through Instructor levels for multiple training revenue streams