Technical
Financial
Distress signals
Property profile

1501 9th St Reading, PA 19604

OFF-MARKET
Grocery and convenience stores
Property ID
US73-1968337
1,475 SF 0.22 ac lot Built 1970
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents five established laundromats located in Berks County, Pennsylvania, specifically in Reading, zip code 19604, at 1501 N 9th Street. The portfolio offers a combined square footage ranging from 2,000 to 7,500 square feet, with each laundromat individually priced at $900,000. The total asking price for the entire package is $4,500,000. This presents a unique opportunity for investors seeking immediate income generation or portfolio diversification. Each laundromat is a separately operating business, allowing for flexibility in acquisition. Whether you're interested in a single laundromat or the entire portfolio, this offering provides a solid foundation for growth within a stable market. The properties are situated in a convenient location within Reading, ensuring accessibility for a wide customer base. Detailed financial information and operational data are available upon request. This is a rare chance to acquire a well-established and profitable laundromat business, either as a complete portfolio or individual units. Serious inquiries only.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1970
Total area 1,475 SF
Lot 0.22 ac (9,583 SF)
APN 5317-29-08-1409
UPID US73-1968337

Cap rate & NOI

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

Location

1501 9th St Reading, PA 19604-1803
Reading metro Census 500 READING, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$750k
CAP Approach CAP
by Request
Comparable Approach Comparable
$464k
Blend (final) Blend
$880k

Owner & transaction history

since 2022
Last sale
$600,000
6 recorded transactions
2022
$600,000
2019
Price N/A
2019
Price N/A
1969
Price N/A
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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