1. Pennsylvania
  2. Wernersville
  3. 5 E PENN AVE
$2,850,000

5 E PENN AVE, Wernersville, PA 19565

  • 8,000 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1890
  • Property Lot Size Icon0.41acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $356/sqft
  • Property List Date Icon Listed 11 months ago

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!

Listing Status:
Active
Listing Office:
Pagoda Realty : 6109857700
Listing Agent:
Jimmy Thelusca : 6109857700
MLS ID:
PABK2046952
  • Flooring: LaminatedVinyl
  • A/C: Window Unit(s)
  • Heating: Baseboard - Hot WaterNatural Gas
  • Disability Feature: None

This listing courtesy of Jimmy Thelusca, Pagoda Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Conrad Weiser East Elementary School

200 Lincoln Dr, Wernersville, PA, 19565

Grades KG-4

0.38 miles away

C

Conrad Weiser Middle School

347 E Penn Ave, Robesonia, PA, 19551

Grades 5-8

2.73 miles away

C

Conrad Weiser High School

44 Big Spring Rd, Robesonia, PA, 19551

Grades 9-12

2.45 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.