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    1112 Muhlenberg St Reading, PA 19602

    Sponsored
    For Sale
    $1,250,000

    Thriving Business, High Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully operational car wash and laundromat located at 1112 Muhlenberg St, Reading, PA 19602. The property, situated on a high-traffic corner lot in Berks County, includes the real estate, the established business, and all associated equipment. The laundromat boasts numerous washers and dryers, four vacuum cleaners, and a dedicated attendant. A private parking lot provides ample customer parking. Vending machines are currently in place, offering additional revenue streams. The business enjoys a strong reputation and significant potential for further income growth. The asking price is $1,250,000. This turnkey operation offers a rare chance to acquire a profitable, established business in a desirable location. The sale includes all equipment, ensuring a seamless transition for the new owner. The mixed-use property is classified as Hospitality, Industrial, Mixed Use, and Special Purpose. This is an ideal opportunity for an investor seeking a stable, high-return investment in a thriving industry. The property's prime location and established customer base guarantee a strong foundation for continued success.

    Property Features for 1112 Muhlenberg St

    General Information

    Property type
    Automotive properties

    HighLights

    • High‑traffic corner lot laundromat and car wash at 1112 Muhlenberg St, Reading.
    • Fully equipped with numerous washers, dryers, and vacuum cleaners; on‑site attendant.
    • Ample private parking.
    • Includes vending machines and significant upside potential for additional revenue streams.
    • Sale includes real estate, business, and all equipment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bubble Room Car Wash

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -75.9155995
    Latitude
    40.3292559

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    FAQs

    What type of property is this?
    Automotive property - Thriving Business, High Traffic Location
    Where is this automotive property located?
    The property is located at 1112 Muhlenberg St Reading, PA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: High-traffic corner lot laundromat and car wash at 1112 Muhlenberg St, Reading.; Fully equipped with numerous washers, dryers, and vacuum cleaners; on-site attendant.; Ample private parking.
    Request Owner's contact information
    1112 Muhlenberg St Reading, PA 19602
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    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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    1112 Muhlenberg St Reading, PA 19602
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