2201 & 2207 Perkiomen Ave Reading, PA 19606
Estimated payment $5,090/month
Total Views
11,431
--
Bed
--
Bath
2,783
Sq Ft
$251
Price per Sq Ft
Highlights
- 0.48 Acre Lot
- Central Air
- Radiator
- Traditional Architecture
About This Home
Well established Restaurant and Tavern for over 65 years with "R" Liquor License and its own private rear parking lot which can accommodate 29 vehicles. The restaurant seats approximately 60-65 people. There are also tables and chairs in the bar area in addition to 13 bar stools. The bar is well stocked with everyone's favorite liquor and beers and also has a 6 handle draft system. The dining room consists of several tables and chairs that can be configured for a quiet dinner or rearranged for a private function. There is a gas fireplace in the dining room for additional ambiance. Currently the restaurant is open Thursday-Saturday, but has the potential to be open 7 days a week with an "R" Liquor License. The restaurant boosts a full kitchen with, 6 burner gas stove/oven, broiler. steam table, deep fryer, dishwasher, 2 bay sink, handwashing sink, bain-marie, stand alone refrigerator and freezer, as well as a walk in fridge and walk in freezer. All items will convey with the sale of the real estate as they are owned and not leased. All cookware, dishes, glasses and shelving for storage will also convey with the sale. Patrons can also enjoy their dinner and libations on the outdoor patio. The patio can accommodate another 20-25 people. The second floor is currently being used as a cigar lounge that is open Tuesday-Saturday. It features a well stocked humidor and the opportunity to indulge in a top shelf cocktail while enjoying your premium cigar. There is a full bar upstairs that is covered with the "R" Liquor license as well. It has been rented for private events, meetings, etc. with Wi-Fi availability. Next to the restaurant is a detached 3-4 bedroom home which is on the same deed but has its own tax ID# and is currently rented. There is also an additional free standing, 2 story building/workshop roughly 22' x 28' located in the rear of the parking lot. This building has it's own electric, water/sewer and heat. It would be an ideal set-up for a contractor, plumber or anyone else in the trades business, as well as a professional business. Currently this building is not rented. Rent alone for these properties has the potential to bring in revenues of $50,000+/year. The taxes, assessed values and acreage reflect both Tax ID #s. ALL REASONABLE OFFERS WILL BE CONSIDERED! Breakdown of rents would be the following: 1 Bedroom apt attached to restaurant $1000 minimum/month, 3-4 bedroom free standing house $1600 minimum/month and free standing building in rear of parking lot $1800 minimum/month. Building in the rear of parking lot needs a total renovation but has newer roof. One bedroom apartment and free standing house need updating.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,100
Year Built
- Built in 1982
Lot Details
- 0.48 Acre Lot
Home Design
- 2,783 Sq Ft Home
- Triplex
- Traditional Architecture
- Brick Exterior Construction
Parking
- Driveway
- On-Street Parking
- Parking Lot
- Off-Site Parking
Utilities
- Central Air
- Radiator
- Heating System Uses Oil
Community Details
- 2 Units
Listing and Financial Details
- Tax Lot 3798
- Assessor Parcel Number 64-5316-07-77-3798
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,168 | $68,400 | $36,000 | $32,400 |
| 2024 | $4,754 | $68,400 | $36,000 | $32,400 |
| 2023 | $4,587 | $68,400 | $36,000 | $32,400 |
| 2022 | $4,280 | $68,400 | $36,000 | $32,400 |
| 2021 | $4,193 | $68,400 | $36,000 | $32,400 |
| 2020 | $4,059 | $68,400 | $36,000 | $32,400 |
| 2019 | $3,960 | $68,400 | $36,000 | $32,400 |
| 2018 | $3,920 | $68,400 | $36,000 | $32,400 |
| 2017 | $3,739 | $68,400 | $36,000 | $32,400 |
| 2016 | $1,249 | $68,400 | $36,000 | $32,400 |
| 2015 | $1,249 | $68,400 | $36,000 | $32,400 |
| 2014 | $1,207 | $68,400 | $36,000 | $32,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/14/2025 05/14/25 | For Sale | $699,900 | -- | $251 / Sq Ft |
Source: Bright MLS
Similar Homes in the area
Source: Bright MLS
MLS Number: PABK2057358
APN: 64-5316-07-77-4749
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