1600 Elizabeth Ave Reading, PA 19605
Property profile & analytics
1600 Elizabeth Ave Reading, PA 19605
- Turn key restaurants
- 1,000 SF
- 0.13 lot acres
Property ID
US73-2166283
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.
Location Intelligence
Current Use by Public Records
- Turn key restaurants
Property Details for 1600 Elizabeth Ave
- Year built
- 1900
- Lot size
- 0.13 lot acres
- Property size
- 1,000 SF
- Property type
- Turn key restaurants
- APN
- 5319-17-20-0200
- APU
- 531917200200
Description
This exceptional Reading, PA property presents a rare dual-income opportunity, combining a thriving commercial space with a separate residential home. Located at 1600 Elizabeth Avenue, the 3,586 square foot commercial building sits on a 0.13-acre lot and boasts high visibility, making it an ideal investment. Currently leased to a restaurant tenant at $4,500 per month, the commercial space includes a dedicated garage and ample off-street parking. The restaurant's lease ensures a consistent income stream. Adjacent to the commercial building is a three-bedroom, one-bathroom residential home, recently vacated after generating $2,275 in monthly rental income. This property offers significant potential for immediate cash flow and long-term appreciation. The combination of a stable commercial tenant and the potential for residential rental income makes this a truly unique investment opportunity in a desirable location. The property's size and layout provide flexibility for future uses and expansion, catering to a wide range of investor strategies. The high visibility location ensures strong tenant appeal and potential for increased rental income. This is a turnkey investment ready for immediate returns. Don't miss this chance to acquire a property with exceptional income potential and a prime location in Reading, PA. The asking price is $675,000.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Laureldale
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.9115
- Latitude
- 40.39
- 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
$930
$31,500
$29,900
$61,400
-
$31,500
$29,900
$61,400
