Homes for sale - 300 KENNEDY AVE, Mertztown, PA 19539

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Marina Askaryar

marinaa@chamberstheory.com +1(202) 922-9128

Listed by Dave Decembrino • RE/MAX Of Reading

$ 959,750

Est. payment | -/mo

7,000 SqFt

Save

$ 959,750

Est. payment | -/mo

Save

7,000 SqFt

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 7,000 sqft

Price per Sqft $137

MLS Listing ID PABK2052070

Year Built 1870

Available Date 2025-01-03

Annual Tax Amount $5,359

Tax Year 2025

Lot Size 1.050 Acres

Acres 1.05

Lot Dimensions 0.00 x 0.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Built in 1870, the former SHAMROCK HOTEL & RESTAURANT has been completely renovated, with replacement windows throughout, to allow for 7 total rental units on the property, including 5 fully rented apartments in the main hotel building, as well as 2 completely renovated and rented modular homes on the property (800 square feet each), bringing in $8100 per month in rental income. There is also a fully renovated detached garage/shop/storage building on the property that can hold up to 5 vehicles and could also be used as owner's storage or workshop for a local contractor. Estimated rent on garage is $500/mo. The main level and former bar/restaurant is one large open flexible space, at approximately 2000 square feet, that could easily be used to make existing apartments larger, coin operated laundry for tenants, storage lockers/rooms for tenants, or a future management office/workshop for the building's new owner. The current owners have dedicated their hearts and souls, over the past 15 years, in creating a beautiful, low maintenance, 7-unit CASH COW, grossing $8100 per month that any investor would be proud to own! 48 hours' notice is required for any showing, and a current buyer pre-approval, bank letter, or proof of cash funds must be provided to listing agent prior to any showings

Location

State PA

County Berks

Area Longswamp Twp (10259)

Zoning COMM

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling Window Unit(s)

Flooring Tile/Brick, Wood, Carpet

Inclusions 2 Renovated and Rented Mobile homes on the property, approximately 800 square feet of living space in both units, and 5 car detached garage/shop/storage building.

Heat Source Electric

Exterior

Garage Spaces 17.0

Utilities Available Phone, Cable TV Available

Water Access N

View Pasture

Roof Type Asphalt,Metal

Street Surface Black Top

Accessibility None

Road Frontage Boro/Township

Total Parking Spaces 17

Garage N

Building

Lot Description Rural

Foundation Stone

Sewer On Site Septic

Water Well

New Construction N

Schools

School District Brandywine Heights Area

Others

Tax ID 59-5483-03-42-0980

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

"My job is to help clients find properties that meet their wants and needs, and to ensure the transaction is executed seamlessly! "

+1(202) 922-9128

marinaa@chamberstheory.com

300 KENNEDY AVE Mertztown, PA 19539