Wernersville, PA 19565 5 E Penn Avenue

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Presented By: Pagoda Realty
  • MLS# PABK2046956
  • 08/12/2024
  • Request Tour
  • Request Info

Home Details

*** 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!
Presented By: Pagoda Realty

Interior Features for 5 E Penn Avenue

Other Interior Features

Central Air Y/NNo
FlooringLaminated, Vinyl
Heating FuelNatural Gas
Heating Y/NYes
Hot Water60+ Gallon Tank, Natural Gas
Total Stories4

General for 5 E Penn Avenue

Acceptable FinancingCash, Conventional, Other
AccessibilityNone
Business TypeApartment Building, Hotel/Motel, Parking Lot, Restaurant/Bar
CityWERNERSVILLE
Construction MaterialsBrick, Frame
Cool FuelNone
CoolingWindow Unit(s)
CountyBERKS
DirectionsPenn Ave west to Wernersville, property on right
Electric200+ Amp Service
Gross Income617000.00
HeatingBaseboard - Hot Water
Location TypeSuburban
Lot Size Square Feet18000.00
Lot Size UnitsSquare Feet
MLS AreaWernersville Boro (10290)
ModificationTimestamp2025-01-08T01:29:18
MunicipalityWERNERSVILLE BORO
Net Operating Income430000.00
New ConstructionNo
Number Of Units Total4
OwnerPaysAll Utilities
OwnershipFee Simple
PossessionImmediate
Possible UseApartment Building, Bar/Tavern/Lounge, Bed & Breakfast, Beer/Wine/Liquor, Commercial, Food & Beverage, Hotel/Motel, Mixed Use, Restaurant
Price Per Sq Ft Total AG356.25
Property ConditionGood
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
RoofRubber, Shingle
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameNONE AVAILABLE
Tax Annual Amount7335.0
Tax Assessed Value253500.0
Tax Lot576450
Tax Year2001
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1890
Year Built SourceEstimated
ZoningRES

Exterior for 5 E Penn Avenue

Building Area Total8000.00
Car Parking Spaces36
Foundation DetailsBrick/Mortar
Land Assessed Value56000.00
Land Use Code4221
Lot Size Acres0.41
Lot Size SourceEstimated
Navigable Water Y/NNo
Parking FeaturesPrivate
Total Loading Docks0
Total Parking Spaces36
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $2,850,000
MLS#PABK2046956
List Date 08/12/2024
Property Type Commercial
Phone 703.929.4729
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