523 Bingaman St, Reading, PA 19602

Property Description

Excellent mixed-use investment opportunity in the City of Reading! This well-maintained property features a fully operational restaurant on the first floor, along with a spacious residential apartment occupying the rear and upper portion of the building. The apartment offers three bedrooms, a living room, dining room, kitchen, and balcony, providing the potential for additional rental income or possible owner occupancy. This residential component adds flexibility and creates an attractive opportunity for an investor seeking multiple potential income sources from one property. The restaurant location has been in operation for over 20 years. The asking price of $348,999 is for the real estate only. The restaurant business is available separately for $60,000 and includes two wall-mounted air-conditioning units, commercial refrigerators and coolers, a commercial range/stove, smoker, commercial exhaust hood and ventilation system, steam table, beverage dispensers, tables, chairs, plates, cups, silverware, and substantially all restaurant furniture, fixtures, and equipment currently used in the operation of the business. The restaurant business will not be sold separately unless the purchaser also purchases the real estate. The property currently has the licenses and permits necessary for its present operation. Eight gaming/amusement machines located on the premises are owned by a third-party vendor and are not included in the sale. The seller is willing to provide the purchaser with the vendor’s contact information should the buyer wish to pursue a new agreement with that company. Buyer is responsible for independently verifying zoning, permitted uses, licensing requirements, occupancy requirements, rental regulations, measurements, and any intended future use of the property with the City of Reading and all applicable governmental authorities. Any proposed change in use or modification to the structure should be verified by the buyer prior to settlement. Contact the listing agent for additional information.