5 E PENN AVE Active Save Request In-Person Tour Request Virtual Tour
Wernersville,PA 19565
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $356
Subdivision None Available
MLS Listing ID PABK2046956
Originating Board BRIGHT
Year Built 1890
Annual Tax Amount $7,335
Tax Year 2001
Lot Size 0.413 Acres
Acres 0.41
Property Description
*** Projected Annual NOI of $430,000***Discover a rare investment opportunity with this 42-unit
historic building, in a prime, high-traffic location. Boasting 38 residential rooming units, 17 of which
having their own private bathrooms and 4 thriving commercial spaces.
The commercial units are anchored by an open and thriving bar, a cozy cafe, a fully equipped kitchen,
and a spacious restaurant/ballroom area ideal for events. In addition to a thrift shop adds to the building's
diverse tenant mix.
Included in the sale is an additional parcel just across the street, featuring a barn with its own parking lot.
With zoning approval, this versatile space could be transformed into additional storage, parking, or even
expanded living quarters, offering further potential to increase value.
This profitable property offers stable income with significant upside for the savvy investor. Additional
financials are available upon request, and all offers are welcome. Don't miss your chance to own a piece
of history with endless possibilities. Schedule your showing today!
Location
State PA
County Berks
Area Wernersville Boro (10290)
Zoning RES
Interior
Hot Water 60+ Gallon Tank,Natural Gas
Heating Baseboard - Hot Water
Cooling Window Unit(s)
Flooring Laminated,Vinyl
Heat Source Natural Gas
Exterior
Garage Spaces 36.0
Waterfront N
Water Access N
Roof Type Rubber,Shingle
Accessibility None
Total Parking Spaces 36
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Conrad Weiser Area
Others
Tax ID 90-4366-11-57-6450
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Financing Cash,Conventional,Other
Special Listing Condition Standard