1600 Elizabeth AveReading, PA 19605

For Sale
$675,000

Dual-income retail & residential investment

Overview

Added:
Feb 3
Days on market:
39
This exceptional Reading, PA property presents a rare dual-income opportunity, combining a thriving commercial space with a separate residential home. Located at 1600 Elizabeth Avenue, the 3,586 square foot commercial building sits on a 0.13-acre lot and boasts high visibility, making it an ideal investment. Currently leased to a restaurant tenant at $4,500 per month, the commercial space includes a dedicated garage and ample off-street parking. The restaurant's lease ensures a consistent income stream. Adjacent to the commercial building is a three-bedroom, one-bathroom residential home, recently vacated after generating $2,275 in monthly rental income. This property offers significant potential for immediate cash flow and long-term appreciation. The combination of a stable commercial tenant and the potential for residential rental income makes this a truly unique investment opportunity in a desirable location. The property's size and layout provide flexibility for future uses and expansion, catering to a wide range of investor strategies. The high visibility location ensures strong tenant appeal and potential for increased rental income. This is a turnkey investment ready for immediate returns. Don't miss this chance to acquire a property with exceptional income potential and a prime location in Reading, PA. The asking price is $675,000.

Property Details for 1600 Elizabeth Ave

Property type
Retail properties, Other retail properties
Square Feet
3,586 SF
Year Built
1929
Lot Size (sq. ft)
5,663 SF

Location Insight

City
Reading
County
Berks
State
Pennsylvania
Latitude
40.39006
Longitude
-75.91153
1600 Elizabeth Ave, Reading, Pennsylvania

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1600 Elizabeth Ave
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