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Former Restaurant 438-502 Fairview St 2,704 SF Retail Building Reading, PA 19605 $1,000,000 ($369.82/SF)


Investment Highlights
- High traffic area, new roof, new HVAC, new electric, new plumbing, new lighting, new flooring, new drywall and paint, fresh exterior paint
- Newly renovated
- Newly sealed and painted parking with 28 spots, ADA compliant bathrooms, new water heater
- Road Frontage
Executive Summary
Seize the opportunity to establish your business in this high-visibility, former restaurant located directly on the bustling 5th Street Highway corridor. Offering a "practically new" blank slate, this property has undergone extensive recent renovations, leaving only your final personal touches to complete the vision. Property highlights include a complete infrastructure overhaul (2025). Move in with peace of mind knowing the heavy lifting is done. The building features a brand-new roof, new HVAC system, new plumbing, new water heater, and a heavy-duty 400-amp electric service. Modern interior finishes have been refreshed with new ceramic tile flooring, new drywall and paint and new lighting throughout. Updated facilities including new bathrooms complete with modern fixtures and ADA compliance. Drive-Thru Capability (equipped with a drive-through window) makes this perfect for high-volume food service, coffee shops, or pharmacy needs. The main parking lot and an additional second parking lot located directly across the street have both been newly sealed and striped. This will ensure ample room for staff and clientele. Situated in a high-traffic area, this property is zoned for Commercial use. Subject to zoning approval, the versatile layout is ideal for a variety of ventures, including bar, tavern, or restaurant, medical or dental office, day care center, professional services, retail store or convenience store. This sale includes the parcel at 438 Fairview St which is the second parking lot. This is a rare chance to skip the long renovation timelines and jumpstart your business in a prime Muhlenberg Township.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
2,704 SF
Building Class
C
Year Built
1997
Price
$1,000,000
Price Per SF
$369.82
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.06 AC
Zoning
C-3 - Muhlenberg Township 5th Street Highway Revitalization plan. Refer to section "O" -Hyde Park "Main Street" Sites.
Parking
24 Spaces (8.88 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Signage
- Drive Thru
- Air Conditioning
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $73,800 | |
| Land Assessment | $102,800 | Total Assessment | $176,600 |
Property Taxes
Parcel Numbers
Land Assessment
$102,800
Improvements Assessment
$73,800
Total Assessment
$176,600
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Former Restaurant | 438-502 Fairview St
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