2100 Kutztown Rd Reading, PA 19605-3069
- Auto shops
- 1,776 SF
- 0.09 lot acres
Current Use by Public Records
- Bill's Auto Services / Auto Repair Shop
- Smart Start Ignition Interlock / Car Inspection Station / Safety Equipment Supplier
- BOSCH AUTOMOTIVE / Auto Repair Shop
Property Details for 2100 Kutztown Rd
- Year built
- 1970
- Lot size
- 0.09 lot acres
- Property size
- 1,776 SF
- Property type
- Auto shops
- APN
- 5308-76-91-8775
- APU
- 530876918775
Description
This thriving automotive repair business in Reading, Pennsylvania, presents a unique owner-user investment opportunity. Located at 2100 Kutztown Rd, 19605, this fee-simple property boasts a 1,750 square foot building on a 0.09-acre lot. Built in 1970, the single-story Class B building features three repair bays, fully equipped and operational, ensuring a seamless transition for the new owner. The business is currently operating at 100% occupancy, with the sale including the real estate, all business assets, and a valuable existing customer list. The property is zoned MC - Manufacturing Commercial, providing flexibility for future expansion or adaptation. The asking price is $340,000, translating to $194.29 per square foot. The sale is scheduled to close on June 1st, 2024. This turnkey operation offers immediate income and significant growth potential in a desirable location. The property's strong performance history and established clientele make it an attractive investment for both seasoned entrepreneurs and first-time business owners. Don't miss this chance to acquire a profitable and well-established business with the added benefit of owning the real estate.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $355,000
- 6.5%
- $365,000
- 7%
- $355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $385,000
- Geo Method
- $355,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $405,000
- Retail
- $385,000
- Mixed-Use
- $340,000
- Hospitality
- $330,000
- Educational
- $345,000
- Residential Income
- $300,000
- Energy
- $370,000
- Income-Based Land
- $370,000
- Food Service
- $315,000
Location Insight
- Map
- Local Demand
- City
- Reading
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.9197
- Latitude
- 40.3669
- CBSA code
- 39740
- CBSA name
- READING, PA METROPOLITAN STATISTICAL AREA
