500 Hoch Rd Blandon, PA 19510-9643
- Turn key restaurants
- 4,194 SF
- 1.66 lot acres
Current Use by Public Records
- ATM / Atm
Property Details for 500 Hoch Rd
- Year built
- 1997
- Lot size
- 1.66 lot acres
- Property size
- 4,194 SF
- Property type
- Turn key restaurants
- APN
- 5420-06-49-7903
- APU
- 542006497903
Description
This 4,194 square foot freestanding commercial building in Blandon, Pennsylvania, is available for sale. Located at 500 Hoch Rd, 19510, in Berks County, this single-unit property sits on a 1.66-acre lot and is zoned C-1. Built in 1997, the building offers a turnkey opportunity for an owner-user. The asking price is $800,000, translating to $190.75 per square foot. The property's prime location along a busy road is surrounded by apartments and other retail businesses, making it ideal for a variety of uses. The building is currently configured as a restaurant and storefront, but its versatile zoning allows for various commercial applications. A separate purchase option includes a turn-key Italian restaurant business, complete with inventory and a Berks County liquor license, for an additional $400,000. This presents a unique opportunity to acquire a thriving business alongside a strategically located commercial property in a high-growth area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $425,000
- 6.5%
- $425,000
- 7%
- $420,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $435,000
- Geo Method
- $480,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $445,000
- Retail
- $490,000
- Mixed-Use
- $415,000
- Hospitality
- $410,000
- Educational
- $435,000
- Residential Income
- $385,000
- Energy
- $490,000
- Income-Based Land
- $415,000
- Food Service
- $460,000
Location Insight
- Map
- Local Demand
- City
- Blandon
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.8645
- Latitude
- 40.4434
- CBSA code
- 39740
- CBSA name
- READING, PA METROPOLITAN STATISTICAL AREA
