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Property profile & analytics
OFF-MARKET
Retail space

1170 Perkiomen Ave Reading, PA 19602-1349

1,161 SF 0.17 ac lot Built 1960
Entity Owned 6-yr Hold Free & Clear
Property ID
US73-2919013
Property summary
AI-generated overview

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 profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1960
Total area 1,161 SF
Lot 0.17 ac (7,405 SF)
APN 5316-22-19-5699
UPID US73-2919013
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Medicine Shoppe Pharmacy of Reading Pharmacy
  • The Missing Sock Laundromat (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
1244 Perkiomen Ave Corp · 6 yrs held
1244 Perkiomen Ave Corp
since 2019
5 recorded transactions
2020
Price N/A
2019
$200,000
2017
$190,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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