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    1170 Perkiomen Ave Reading, PA 19602

    Sponsored
    For Sale
    $4,000,000

    Four profitable laundromats, real estate included.

    Property size:
    13,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a portfolio of four thriving laundromats located in Reading, Pennsylvania. The asking price for this package deal is $4,000,000, encompassing all four properties, their respective businesses, and all associated equipment. Each laundromat contributes to a substantial and proven income stream. The combined square footage totals 13,200 square feet, with an average price per square foot of $303.03. Detailed financial information for each individual property is available upon request. While the properties can be purchased separately, a package deal is strongly preferred. The four locations are strategically positioned throughout Reading, at 1112 Muhlenberg St, 1170 Perkiomen Ave, 121 S 5th St, and 1501 N 9th St, all within the 19602 and 19604 zip codes. This turnkey operation offers a rare chance to acquire a well-established and profitable business with significant growth potential. Serious inquiries are encouraged. All offers will be considered.

    Property Features for 1170 Perkiomen Ave

    General Information

    Property type
    Investment properties
    Square Feet
    13,200 SF

    Building Details

    Units
    4

    HighLights

    • $4,000,000 asking price for a portfolio of four laundromats.
    • Four locations included in Reading, PA.
    • 13,200 total square feet across all four properties.
    • $303.03 price per square foot.
    • Includes real estate, business, and equipment for all four laundromats.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Medicine Shoppe Pharmacy ... Pharmacy The Missing Sock Laundromat Laundromat

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9145398
    Latitude
    40.3336425

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    FAQs

    What type of property is this?
    Investment property - Four profitable laundromats, real estate included.
    Where is this investment property located?
    The property is located at 1170 Perkiomen Ave Reading, PA.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: $4,000,000 asking price for a portfolio of four laundromats.; Four locations included in Reading, PA.; 13,200 total square feet across all four properties.
    (862) 352-7532
    Request Owner's contact information
    1170 Perkiomen Ave Reading, PA 19602
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1170 Perkiomen Ave Reading, PA 19602
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