Building Details

Year built 2022

Listing Agency: NextHome Legacy Real Estate Show Phone

Listed By: Vince Rollins · License #RS339845,PersonLicenseNumber

Added: Nov 2 Last Checked: Nov 4 at 1:06PM

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MLS# PABK2080356

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Investment Insights

Based on property information with market context.

Los Arrieros is a restaurant business at 428 Penn Avenue, with indoor dining for 32 guests and an outdoor patio that accommodates 12 to 20 more. The building was constructed in 2022, and the existing concept serves Colombian-style cuisine.

This is a business-only transaction. The location is in Reading, Pennsylvania.

Key Highlights

• Indoor dining capacity of 32 guests
• Outdoor patio seating for 12 to 20 guests
• Building constructed in 2022

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Electrical Service Veterinary Clinic (Bike/Boat/Book/etc) Store Pet Grooming Service Storage Facility Garden Center

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

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

1,752

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 19611, PA

11,238

Population

4,555

Households

2.5

Avg Household Size

35

Median Age

25%

College-Educated

85%

High-School Grad

2.0 sq mi

ZIP Area

5,619

Density / Sq Mi

$56,379

Median Household Income

$40,791

Median Earnings

$1,098

Median Rent

$161,900

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

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - The current Colombian-style concept offers indoor dining and additional seating on an outdoor patio.

Where is this conventional restaurant located?

The property is located at 428 Penn Avenue Reading, PA.

What is the lease rate?

The lease rate is $3,200/Mo.

What are key features of this property?

This property features: Indoor dining capacity of 32 guests; Outdoor patio seating for 12 to 20 guests; Building constructed in 2022