Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1112 Muhlenberg St Reading, PA 19602

    • Retail space
    • 4,204 SF
    • 0.35 lot acres
    For Sale
    View listing
    $1,250,000
    Value Estimation
    Last Sale
    Aug 24, 2022
    $851,000
    Location Intelligence
    Property ID
    US73-2803307
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bubble Room / Car Wash / Laundromat

    Property Details for 1112 Muhlenberg St

    Year built
    1997
    Lot size
    0.35 lot acres
    Property size
    4,204 SF
    Property type
    Retail space
    APN
    5316-30-18-2079
    APU
    531630182079

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $810,000

    • CAP approach

      CAP return
      Estimation
      6%
      $840,000
      6.5%
      $835,000
      7%
      $825,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $755,000
      Geo Method
      $755,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $835,000
      Retail
      $890,000
      Mixed-Use
      $730,000
      Hospitality
      $825,000
      Educational
      $775,000
      Residential Income
      $785,000
      Energy
      $855,000
      Income-Based Land
      $775,000
      Food Service
      $785,000

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9157
    Latitude
    40.3293
    CBSA code
    39740
    CBSA name
    READING, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,996
    $41,000
    $147,700
    $188,700
    -
    $41,000
    $147,700
    $188,700

    Comparable in this City

    • Value Estimation by Request
      3,960 SF

      410 5th St

      RETAIL STORES (PERSONAL SERVICES) • 3,960 SF
      410 5th St, Reading, PA 19602-2604
      View Details
    • Value Estimation by Request
      4,578 SF

      600 Laurel St

      RETAIL STORES (PERSONAL SERVICES) • 4,578 SF
      600 Laurel St, Reading, PA 19602-2716
      View Details
    • Value Estimation
      $590,000
      24,626 SF

      418 Penn St

      RETAIL STORES (PERSONAL SERVICES) • 24,626 SF
      418 Penn St, Reading, PA 19602-1011
      View Details
    • Value Estimation
      $435,000
      7,140 SF

      1123 Chestnut St

      RETAIL STORES (PERSONAL SERVICES) • 7,140 SF
      1123 Chestnut St, Reading, PA 19602-2073
      View Details
    • Value Estimation
      $75,000
      4,731 SF

      221 5th St

      RETAIL STORES (PERSONAL SERVICES) • 4,731 SF
      221 5th St, Reading, PA 19602-1816
      View Details
    • Value Estimation by Request
      3,072 SF

      112 6th St

      RETAIL STORES (PERSONAL SERVICES) • 3,072 SF
      112 6th St, Reading, PA 19602-1680
      View Details

    Similar Nearby for Sale

    • $1,250,000

      Prime Reading Car Wash & Laundromat

      Thriving Business, High Traffic Location
      1112 Muhlenberg St, Reading, PA 19602
      View Details
    • $950,000
      93,968 SF

      Turn-Key Restaurant & Event Space

      Turn-key pub, restaurant, and event space available immediately.
      535 Canal St, Reading, PA 19602
      View Details
    • $950,000
      93,968 SF

      Canal Street Pub: Turn-Key Opportunity

      Historic Restaurant, Event Space, Liquor License
      535 Canal St, Reading, PA 19602
      View Details
    • $450,000
      7,244 SF

      Restaurant with Apartments For Sale

      Turn-key restaurant with apartments near Alvernia University expansion.
      19 S 5Th St, Reading, PA 19602
      View Details
    • $950,000
      12,703 SF

      Turn-Key Restaurant & Event Space

      Turn-key pub, restaurant, and event space available immediately.
      531 Canal St, Reading, PA 19602
      View Details
    • $159,000
      2,178 SF

      Historic Church - Prime Location

      Reading Mixed-Use Property, Huge Potential
      1011 Cotton St, Reading, PA 19602
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      58,012 SF

      Reading Industrial Building with Docks

      Industrial building with interior docks, levelers, and rich labor pool.
      475 Riverfront Dr, Reading, PA 19602
      View Details
    • Contact for pricing
      84,283 SF

      Downtown Reading Office/Retail Building

      Marquis building in downtown Reading with retail/office space.
      450 Penn St, Reading, PA 19602
      View Details
    • $1,075 /Mo
      756 SF

      Cozy 3-Bedroom Remodeled Home

      Recently remodeled 3-bedroom home on a quiet street, for rent.
      923 Culvert St, Reading, PA 19602
      View Details
    • $15 SF/Yr
      3,641 SF

      Downtown Reading Office Space Available

      Professionally managed office building in downtown Reading with on-site parking.
      42 N 5Th St, Reading, PA 19602
      View Details
    • $3,948 /Mo

      Reading Office Space For Lease

      Large open office space in the heart of Reading.
      722 Cherry St, Reading, PA 19602
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1112 Muhlenberg St
    Reading, PA 19602
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.