Mixed-Use Property with
For Sale
$338,999
523 Bingaman St, Reading, PA 19602
Well-maintained mixed-use building with an operating first-floor restaurant and five separately rented second/rear bedrooms.
Property Size3,252 SF
Price / SF$104.24
Days on Market66
Property Features for 523 Bingaman St
General Information
Standard status
Active
Size
3,252 SF
Building Details
Year Built
1900
Listing Agency:
Realty One Group Alliance
Listed By:
Francis G Acosta · License #3253720
(484) 516-5870
Source:
Tbhteam
Added: Jul 4
Changed: Sep 4
Last Checked: Sep 7 at 10:42AM
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 Realty One Group Alliance
Investment Insights
Based on property information with market context.
This well-maintained mixed-use property offers a fully operational restaurant on the first floor along with residential apartments in the rear and on the second floor. The residential component consists of five individual bedrooms, each currently rented separately and occupied. The restaurant location has been in operation for over 20 years, and the property is described as having the licenses and permits necessary for its present operation.
The restaurant business is available separately from the real estate for an additional price, and includes listed wall-mounted air conditioning units, commercial refrigerators and coolers, range/stove, smoker, commercial exhaust hood and ventilation system, steam table, beverage dispensers, and substantially all restaurant furniture, fixtures, and equipment used in the business. The restaurant business will not be sold separately unless the purchaser also purchases the real estate. The property also has eight gaming/amusement machines on site; these machines are owned by a third-party vendor and are not included in the sale.
Current rents and leases are expected to be provided to qualified buyers during due diligence. Buyer is responsible for independently verifying zoning, permitted uses, licensing requirements, occupancy, room rental regulations, measurements, and any intended future use of the property with the City of Reading and other applicable governmental authorities, including verifying any proposed structural or use modifications prior to settlement. Showings are expected to begin next week.
The restaurant business is available separately from the real estate for an additional price, and includes listed wall-mounted air conditioning units, commercial refrigerators and coolers, range/stove, smoker, commercial exhaust hood and ventilation system, steam table, beverage dispensers, and substantially all restaurant furniture, fixtures, and equipment used in the business. The restaurant business will not be sold separately unless the purchaser also purchases the real estate. The property also has eight gaming/amusement machines on site; these machines are owned by a third-party vendor and are not included in the sale.
Current rents and leases are expected to be provided to qualified buyers during due diligence. Buyer is responsible for independently verifying zoning, permitted uses, licensing requirements, occupancy, room rental regulations, measurements, and any intended future use of the property with the City of Reading and other applicable governmental authorities, including verifying any proposed structural or use modifications prior to settlement. Showings are expected to begin next week.
Key Highlights
- Well‑maintained mixed‑use building with a fully operational first‑floor restaurant and rear/second‑floor residential rental rooms
- Restaurant has been in operation for over 20 years and includes current operating licenses and permits
- Five individual bedrooms on the second/rear floor, each rented separately; all five rental rooms are currently occupied
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,037
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19602, PA
19,782
Population
7,907
Households
2.5
Avg Household Size
32
Median Age
11%
College-Educated
71%
High-School Grad
2.0 sq mi
ZIP Area
9,891
Density / Sq Mi
$38,179
Median Household Income
$30,848
Median Earnings
$978
Median Rent
$73,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Well-maintained mixed-use building with an operating first-floor restaurant and five separately rented second/rear bedrooms.
Where is this conventional restaurant located?
The property is located at 523 Bingaman St Reading, PA.
What is the asking price?
The asking price for this property is $338,999.
What are key features of this property?
This property features: Well‑maintained mixed‑use building with a fully operational first‑floor restaurant and rear/second‑floor residential rental rooms; Restaurant has been in operation for over 20 years and includes current operating licenses and permits; Five individual bedrooms on the second/rear floor, each rented separately; all five rental rooms are currently occupied
