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MLS# PABK2046956

Status: ACTIVE
5 E PENN AVE
WERNERSVILLE, PA 19565
$2850000.00

Commercial Sale
Year Built: 1890
Sq Ft: 0.40
Building Area: 8000.00
Acres: 0.41
Contact:
Jimmy Thelusca
Pagoda Realty
Phone:   6109857700
Photos
Map
*** 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!

Additional Features

Location Type: Suburban
Property Condition: Good
School District Name: CONRAD WEISER AREA
Directions: Penn Ave west to Wernersville, property on right
Subdivision Name: NONE AVAILABLE
MLS Area: Wernersville Boro (10290)
Tax ID Number: 90-4366-11-57-6450
Zoning: RES
Land Use Code: 4221
Ownership Interest: Fee Simple
Hot Water: 60+ Gallon Tank,Natural Gas
Roof: Rubber,Shingle
Parking Features: Private
Heating Type: Baseboard - Hot Water
Foundation Details: Brick/Mortar
Flooring Type: Laminated,Vinyl
Construction Materials: Brick,Frame
Cooling Type: Window Unit(s)
Sewer Septic: Public Sewer
Water Source: Public
Listing Entry Date: August 12, 2024
Tax Annual Amount: 7335.00
Tax Assessed Value: 253500.00
Tax Year: 2001
Price Per SQFT: 356.25