Established Pizzeria
841 WASHINGTON STREET, Reading, PA 19601
For Sale
New
Contact for pricing
A transferable lease and established customer base support continued restaurant operations in Reading’s city center.
Property Size871 SF
Price / SF$2.12
Days on Market5
Property Features for 841 WASHINGTON STREET
General Information
Standard status
Size
Property subtype
Financials
Asking Price
Business Included
Additional Details
Currently Operating
Building Details
Year Built
Listing Agency:
NextHome Legacy Real Estate
(610) 702-6398
Listed By:
Vincent Rollins
(484) 269-0617
Source:
Cummingsrealtors
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 2:46PM
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 NextHome Legacy Real Estate
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Investment Insights
Based on property information with market context.
This pizzeria business has operated for seven years and serves both walk-in and delivery customers. The restaurant space is offered with a transferable lease, and the building dates to 1915.
The business is on Washington Street in downtown Reading, with the courthouse nearby. Its customer base includes lunchtime courthouse visitors as well as residents, workers, and other visitors to the city center.
The business is on Washington Street in downtown Reading, with the courthouse nearby. Its customer base includes lunchtime courthouse visitors as well as residents, workers, and other visitors to the city center.
Key Highlights
- Seven‑year operating history as a pizzeria
- Walk‑in and delivery business
- Transferable lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,667
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,340
$173.3K
Cap Rate 7%
$123,814
$123.8K
Cap Rate 9%
$96,300
$96.3K
Market Conditions
NOI Build-Up for 871 SF
Gross rent
$12.2K $14.04/SF
− Vacancy
−$673 −$0.77/SF
EGI
$11.6K $13.27/SF
− OpEx
−$2.9K −$3.32/SF
NOI
$8.7K $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%
$173,340
Cap Rate 7%
$123,814
Cap Rate 9%
$96,300
Alternative Uses
Best Use
Specialty Retail
$123.8K
$108.3K – $144.5K
NOI $8,667 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$143.0K
$125.1K – $166.8K
NOI $10,009 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,663
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19601, PA
35,477
Population
14,024
Households
2.5
Avg Household Size
34
Median Age
12%
College-Educated
73%
High-School Grad
3.8 sq mi
ZIP Area
9,336
Density / Sq Mi
$41,133
Median Household Income
$30,433
Median Earnings
$986
Median Rent
$110,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Conventional restaurants in Berks County, PA
Properties on Market for Conventional restaurants in Berks County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A transferable lease and established customer base support continued restaurant operations in Reading’s city center.
Where is this conventional restaurant located?
The property is located at 841 WASHINGTON STREET Reading, PA.
What are key features of this property?
This property features: Seven‑year operating history as a pizzeria; Walk‑in and delivery business; Transferable lease
