5 E Penn Ave Wernersville, PA 19565
Property profile & analytics
5 E Penn Ave Wernersville, PA 19565
- Bars & Pubs
- 15,520 SF
- 0.23 lot acres
Property ID
US73-5745294
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
- Penn Werner Hotel / Bar & Pub
- Penn Werner Hotel and Bar / Bar & Pub
- BigDaveIsFat / Theater & Performing Art Venue / Music Venue
- ATM / Atm
- True's Cuppa Love / Cafe & Coffee Shop
Property Details for 5 E Penn Ave
- Year built
- 1890
- Construction
- FRAME
- Lot size
- 0.23 lot acres
- Property size
- 15,520 SF
- Property type
- Bars & Pubs
- Property subtype
- Pubs
- APN
- 4366-11-57-6450
- APU
- 436611576450
Description
This exceptional investment opportunity presents a 42-unit multi-family property located at 5 E Penn Avenue, Wernersville, PA. The 8,000 square foot building sits on a 0.41-acre lot and is currently generating a projected annual net operating income (NOI) of $430,000. The property boasts a diverse tenant mix, including 38 residential rooming units (17 with private bathrooms) and four thriving commercial spaces. These commercial units comprise a bar, a cafe, a fully equipped kitchen, and a spacious restaurant/ballroom area suitable for events, along with a thrift shop. Adding to the investment potential is an included additional parcel across the street, encompassing a barn with its own parking lot. This secondary parcel, with existing zoning approval, offers significant expansion possibilities, potentially allowing for additional storage, parking, or even further residential units. The property's prime location in a high-traffic area ensures consistent occupancy and income. This historic building offers a blend of stable income and substantial upside potential for a discerning investor. Detailed financial information is available upon request. All offers will be considered.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $980,000
- ML approach
- $955,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $579,000
Market price range: $580k - $2.84M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,385,000 Current use
- OFFICE BUILDING
- $1,510,000 Change: +9% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wernersville
- County
- Berks
- State
- Pennsylvania
- Longitude
- -76.0794
- Latitude
- 40.3299
- 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
$3,899
$56,000
$197,500
$253,500
-
$56,000
$197,500
$253,500
