Property profile

624 Penn Ave West Reading, PA 19611

OFF-MARKET
Bars & Pubs
Property ID
US73-2199431
5,112 SF 0.11 ac lot Built 1920
Individually Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1920
Total area 5,112 SF
Lot 0.11 ac (4,792 SF)
APN 5307-17-10-5105
UPID US73-2199431

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
  • Bar & Pub

Location

624 Penn Ave West Reading, PA 19611-1015
West Reading metro Census 11200 READING, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$650k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$650k

Owner & transaction history

since 2024
Last sale
$650,000
1 recorded transaction
2024
$650,000

Zoning & alternative use

Top alternative use upside
Medical building $845,000 +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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