Technical
Financial
Distress signals
Property profile

290 Morgantown Rd Reading, PA 19611

OFF-MARKET
Turn key restaurants
Property ID
US73-4838288
4,876 SF 2.78 ac lot Built 1971
Individually Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1971
Construction FRAME
Total area 4,876 SF
Lot 2.78 ac (121,097 SF)
APN 5306-59-84-3627
UPID US73-4838288

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

290 Morgantown Rd Reading, PA 19611-2086
Reading metro Census 2900 READING, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$701k
Blend (final) Blend
$380k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $810,000 +24.5%

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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