Skip To Content

19 N 9TH Street

READING, PA 19601
  • $600,000
  • STATUS: Active Under Contract
  • ON SITE: 75 Days
  • ID#: PABK2035082
Under Contract
UPDATED: 46 min ago
$600,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

School District:

Description

Introducing a prime mixed-unit commercial property opportunity that combines business potential and residential convenience in one package. This listing encompasses two parcels, offering a unique blend of features to cater to both investors and entrepreneurs alike. Situated on a bustling corner lot with heavy consumer traffic, this property offers unparalleled visibility and accessibility for your commercial endeavors.The highlight of this offering is the turnkey laundromat business, strategically located on the first floor of the building. This established operation boasts 15 washers and 18 dryers, all leased and backed by worry-free maintenance coverage. The laundromat is fully equipped with essential amenities, including an office space, a dedicated folding station, and a convenient half bathroom. Vending machines, an ATM, and a change machine add to the convenience and revenue potential. Highest and Best by Thursday 10/05/2023 by 5PMTo the left of the laundromat business, there is a private entrance leading to two well-appointed apartments on the second and third floors. These apartments feature a total of 3 bedrooms and 1 bathroom each, making them ideal for long-term rental income or other creative uses. Additionally, a separate private entrance to the right offers a 2 bedroom apartment with 1 bathroom, further enhancing the property's income potential.All utilities are separately metered and have been updated, ensuring efficiency and cost control for both the commercial and residential spaces. A brand-new roof was just recently installed. There are numerous opportunities for the new owner to increase profitability from the laundromat business, capitalize on the 7 off-street parking spots, and optimize the residential portion for maximum income potential. The basement provides ample storage space, further enhancing the property's functionality. The owner used to have Pennsylvania Skill games and U-Haul rentals on site. The property is being sold As-Is. For more information and to schedule a showing, please contact the listing agent. Don't miss out on this opportunity to own this profitable venture!

Monthly Payment Calculator



©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Your Home Team | Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-12-07T13:53:58.13.
www.yourhometeamde.com/homes/143662118
Print Image

19 N 9TH Street READING, PA 19601

  • Price: $600,000
  • Status: Active Under Contract
  • On Site: 75 Days
  • Updated: 46 min ago
  • ID#: PABK2035082
0
Beds
0
Baths
0
½ Baths
0.05
Acres
1900
Built
Neighborhood:
Reading City (10201)
County:
Berks
Area:
Reading City (10201)
School District:
Reading
Property Description
Introducing a prime mixed-unit commercial property opportunity that combines business potential and residential convenience in one package. This listing encompasses two parcels, offering a unique blend of features to cater to both investors and entrepreneurs alike. Situated on a bustling corner lot with heavy consumer traffic, this property offers unparalleled visibility and accessibility for your commercial endeavors.The highlight of this offering is the turnkey laundromat business, strategically located on the first floor of the building. This established operation boasts 15 washers and 18 dryers, all leased and backed by worry-free maintenance coverage. The laundromat is fully equipped with essential amenities, including an office space, a dedicated folding station, and a convenient half bathroom. Vending machines, an ATM, and a change machine add to the convenience and revenue potential. Highest and Best by Thursday 10/05/2023 by 5PMTo the left of the laundromat business, there is a private entrance leading to two well-appointed apartments on the second and third floors. These apartments feature a total of 3 bedrooms and 1 bathroom each, making them ideal for long-term rental income or other creative uses. Additionally, a separate private entrance to the right offers a 2 bedroom apartment with 1 bathroom, further enhancing the property's income potential.All utilities are separately metered and have been updated, ensuring efficiency and cost control for both the commercial and residential spaces. A brand-new roof was just recently installed. There are numerous opportunities for the new owner to increase profitability from the laundromat business, capitalize on the 7 off-street parking spots, and optimize the residential portion for maximum income potential. The basement provides ample storage space, further enhancing the property's functionality. The owner used to have Pennsylvania Skill games and U-Haul rentals on site. The property is being sold As-Is. For more information and to schedule a showing, please contact the listing agent. Don't miss out on this opportunity to own this profitable venture!
Exterior Features

Construction Materials Brick Garage YN No Lot Features Additional Lot(S)Corner Other Equipment Negotiable Parking Features Paved ParkingPrivate Parking Types OtherParking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 5312.00 Cooling None Exclusions Personal Property Of Estate And Tenants - Laundromat Furniture (Stools And Round Tables) And Window Treatments Heating Baseboard - Electric Heating YN Yes Inclusions Kitchen AppliancesOffice FurnitureVending MachinesCoin MachineLeased AtmLeased Washer Machines And Dryers. Laundromat Business is included With The Property. Net Square Feet 5312.00 Security Features Exterior Cameras

Property Features

Acceptable Financing CashConventional Accessibility Features None Assessment Year 2023 Business Type Apartment BuildingParking LotOtherOther/General Retail Central Air YN No Cooling Fuel None Heating Fuel Electric Hot Water Electric Municipality Reading City Navigable Water YN N New Construction YN No Number Of Units Total 3 Operating Expense Includes ElectricInsuranceRepair/MaintenanceSewerTrashWaterOther Original MLSNumber 802628015620 Owner Pays ElectricityGasCommon Area MaintenanceInsuranceSewerTrash CollectionWaterOther Ownership Interest Fee Simple Possession Immediate Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 2383.00 Tax Assessment Amount 54500.00 Tax Lot 0487 Utilities Electric AvailableWater AvailableSewer AvailableNatural Gas Available Vacation Rental YN No Water Source Public Zoning Mixed Use

Listing courtesy of Keller Williams Real Estate - Newtown: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Your Home Team | Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-12-07T13:53:58.13.
 
https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_802628015620-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_802628015620-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_802628015620-2.jpg
Logo
Your Home Team | Long & Foster Real Estate
490 E Main Street
Middletown DE, 19709