5 E Penn Ave, Wernersville, PA 19565

Listing office Pagoda Realty & Property Management j***@gmail.com Show Phone

Listing date Aug 9, 2024

Source Crexi

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Overview

This historic 42-unit building presents a rare investment opportunity in a prime, high-traffic location. The property features 38 residential rooming units, 17 of which include private bathrooms, and four commercial spaces. The commercial units are anchored by an open bar, a cafe, a fully equipped kitchen, and a spacious restaurant/ballroom area suitable for events. A thrift shop also contributes to the building's diverse tenant mix. The sale includes an additional parcel across the street, featuring a barn with its own parking lot. With zoning approval, this space offers potential for additional storage, parking, or expanded living quarters. The property offers stable income with potential for increased value. The projected annual Net Operating Income is $430,000.

Suggested Use

Real Estate Agency Dental Office Law Firm Hair Salon Big Box & Wholesale Store Restaurant HVAC Service Plumbing Service Spa & Massage Center Barber Shop

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

Location Insight

• Map
• Local Demand

City

Wernersville

County

Berks

State

Pennsylvania

Longitude

-76.079071

Latitude

40.32989

FAQs

What type of property is this?

Mixed-use property - 42-unit building with commercial spaces and additional parcel.

Where is this mixed-use property located?

The property is located at 5 E Penn Ave Wernersville, PA.

What is the asking price?

The asking price for this property is $2,750,000.

What are key features of this property?

This property features: Projected Annual NOI of $430,000; 42‑unit historic building in a prime, high‑traffic location; Includes additional parcel with barn and parking lot across the street, offering development potential