529 Chestnut St Reading, PA 19611
This exceptional West Reading investment presents a rare opportunity to acquire a combined retail and residential property. The main offering is a 2,500 square foot free-standing retail building situated at 529 Chestnut Street, in Berks County, Pennsylvania. Originally constructed in 1910, this building boasts a rich history, having served as a successful catering business for over three decades. Its substantial size and prime location within a thriving commercial area make it ideal for a variety of retail ventures. The property's strong bones and established history offer a solid foundation for future success. Adding significant value to this investment is a separate, attached 2,500 square foot townhome. This three-bedroom, one-and-a-half-bathroom residence provides additional income potential through rental or owner occupancy. The combined property offers a unique blend of commercial and residential uses, presenting a compelling investment opportunity with significant upside potential. The asking price for this combined property is $450,000. Located in the 19611 zip code, this property benefits from excellent visibility and accessibility, making it an attractive proposition for both investors and entrepreneurs. The property's location in West Reading, PA offers a vibrant and growing market, ensuring a strong potential for return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.