Building Details

Buildings 2

Stories 4

Units 43

Tenancy Multi

Listing Agency: Pagoda Realty & Property Management j***@pagodarpm.com Show Phone

Listed By: Jimmy Thelusca · License #RS333622

Source: Crexi

Added: Aug 9, 2024 Changed: Aug 16 Last Checked: Aug 22 at 4:40PM

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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

Property Analytics

Property Profile

Current Use

Penn Werner Hotel Bar & Pub Penn Werner Hotel ... Bar & Pub BigDaveIsFat Theater & Performing Art Venue ATM Atm True's Cuppa Love Cafe & Coffee Shop

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Hair Salon Big Box & Wholesale Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

220

Businesses Nearby

Explore this area Business Placement

Demographics for 19565, PA

8,995

Population

3,696

Households

2.4

Avg Household Size

47

Median Age

32%

College-Educated

95%

High-School Grad

18.0 sq mi

ZIP Area

500

Density / Sq Mi

$80,881

Median Household Income

$49,694

Median Earnings

$1,283

Median Rent

$262,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

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