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523 BINGAMAN ST Reading, PA 19602
1,307 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PABK2074392
Year Built 1900
Annual Tax Amount $1,962
Tax Year 2026
Lot Size 1,307 Sqft
Acres 0.03
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
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.
Location
State PA
County Berks
Area Reading City (10201)
Zoning MIX USE
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Wall Unit
Inclusions Included in the sale of the restaurant business (not the real estate) are two wall-mounted air conditioning units, all commercial refrigerators and coolers, the commercial range/stove, smoker, commercial exhaust hood and ventilation system, steam table, beverage dispensers, all kitchen equipment, tables and chairs, plates, cups, silverware, and substantially all restaurant furniture, fixtures, equipment, and inventory currently used in the day-to-day operation of the business. All items are being conveyed in their present condition unless otherwise agreed in writing.
Equipment None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Reading Senior
School District Reading
Others
Tax ID 01-5306-35-88-0090
Ownership Fee Simple
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
