Penn Ave Wyomissing, PA 19610
- Retail properties
- 2,950 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Penn Ave
- Property size
- 2,950 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional opportunity presents the acquisition of a thriving Chinese restaurant in Wyomissing, Pennsylvania. Located on Penn Avenue, this Class A retail property boasts 2,950 square feet of net rentable space within a single-story building, renovated in 2016. The property includes ample parking with 50 spaces and is situated in a high-traffic area with a permitted commercial zoning (COM). The restaurant has enjoyed over 30 years of consistent success, generating annual gross income exceeding $700,000, with 100% occupancy across its two units. The asking price is $550,000, translating to $186.44 per square foot. This is a turnkey operation, fully equipped and ready for immediate operation. A valuable liquor license is included in the sale. Detailed financial records are available upon execution of a Non-Disclosure Agreement (NDA), allowing prospective buyers to conduct thorough due diligence. The current owner is committed to facilitating a smooth transition, providing support and guidance to the new owner. This represents a rare chance to acquire a well-established, profitable restaurant in a desirable location. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wyomissing
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.9769
- Latitude
- 40.3291
