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Property profile

1013 Reading Ave Boyertown, PA 19512

OFF-MARKET
Turn key restaurants
Property ID
US73-1496599
7,286 SF 0.57 ac lot Built 1920
Entity Owned 5-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional investment opportunity presents a thriving full-service restaurant and bar situated on a 1.09-acre lot in Boyertown, Pennsylvania. The property, located at 1013 Reading Ave, boasts 8,211 square feet of space spread across two buildings and two stories, offering ample room for dining, entertainment, and kitchen operations. The main building houses a spacious, fully equipped kitchen and bar, ready to accommodate any culinary concept. An expansive outdoor deck, complete with its own bar, provides additional seating and a perfect setting for al fresco dining and events. Adding significant value, a recent connection to the public sewer system, estimated at $600,000, eliminates ongoing septic concerns. Included in the sale is a charming two-bedroom single-family home, providing additional living space or potential rental income. Furthermore, a vacant lot offers the possibility of expanding parking or future development. Built in 1920 and extensively renovated in 2020, this property is zoned for commercial use and features two parcels with three total lots, identified by APN numbers 41-5386-09-15-6971 and 41-5386-09-15-59. The asking price for this turnkey operation is $1,000,000. This is a rare opportunity to acquire a well-established, high-potential business with significant upgrades and substantial land in a desirable location.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1920
Construction FRAME
Total area 7,286 SF
Lot 0.57 ac (24,829 SF)
APN 5386-09-15-6971
UPID US73-1496599

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$140k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$105k

Owner & transaction history

since 2021
Last sale
$100,000
3 recorded transactions
2021
$100,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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