1600 Elizabeth Ave Reading, PA 19605
- Turn key restaurants
- 1,000 SF
- 0.13 lot acres
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 Estimation
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Alternative Use
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
