1112 Muhlenberg StReading, PA 19602

Property Details for 1112 Muhlenberg St

Year built

1997

Lot size

0.35 AC

Property size (Sq ft)

4,204 SF

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $953,864

  6.5%

  $880,490

  7%

  $817,598

• Comparable approach

  Method

  Valuation

  Relative Method

  $812,349

  Geo Method

  $1,384,222

• Alternative Use

  Use

  Valuation

  Residential

  $742,726

  Hospitality

  $680,334

  Educational

  $566,030

  Medical

  $585,496

  Retail

  $880,490

Location Insight

City

Reading

County

Berks

State

Pennsylvania

Latitude

40.3293

Longitude

-75.9157

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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