Property Attributes
- MLS#PABK2026770
- TypePending
- CountyBERKS
- CityReading
- AreaLower Alsace Twp
- Zip19606
- StyleBanquet Facility/Lodge,Bed and Breakfast,Restauran
- Year Built1890
- Taxes$ 27863
- Price$ 1,580,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage9500
- Lot Size14.17 Acres
Data Source:
Bright MLS
Property Description
Seller finance is an option. A unique opportunity to own a one-of-a-kind property that is much more than just an investment, it is a destination! Well known in Berks County previously as Captains Cove and Mountain Springs Restaurant. This restaurant, bar and venue space and all restaurant equipment to get you started. 3 parking lots for 110 vehicles. Inside and outside seating. Also, features its own natural spring located on premises. This location offers unlimited potential as it is situated on over 14 acres nestled in the hills of Mt. Penn. To those that dont know Mt. Penn is one of Berks Countys most active spots. The mountain features over 4,000 acres of mountain preserves with daily visitors to the 40+ miles of trails great for hiking and biking. The mountain caters to events round year such as The Reading Liederkranz Oktober Fest, part of Berks Jazz Fest, The Annual Duryea Hill Climb to name a few. The constant happenings on the mountain continue to bring locals and tourist to the area! This one has it all. Location. Equipment. Local notoriety. Space to grow.
Price History | |
---|---|
2/22/2023 | Listed $1,999,999 |
10/13/2023 | 21% - $1,580,000 |
General Features
Sewer | On Site Septic |
---|---|
Heating | Forced Air |
Cooling | Central A/C |
Possession | Negotiable |
Roof | Metal,Shingle,Rubber |
Zoning | 4281 COMMERCIAL |
Construction Materials | Mixed |
Year Built | 1890 |
View | Trees/Woods |
Property SubType | Mixed Use |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Cool Fuel | Electric |
Business Type | Banquet Facility/Lodge,Bed and Breakfast,Restaurant/Bar |
Accessibility | Other |
County | BERKS |
New Construction | No |
Property Type | Commercial Sale |
Possible Use | Bar/Tavern/Lounge,Beer/Wine/Liquor,Commercial,Food & Beverage |
Water Access Y/N | No |
Property Use | Investment |
Status | PENDING |
Directions | Perkiomen Ave east,left on Hill Rd,Property on left. |
ModificationTimestamp | 2024-05-01T09:48:23 |
City | READING |
Buyer Agent Compensation | 2.5 |
MLS Area | Lower Alsace Twp (10223) |
Lot Size Square Feet | 617245.20 |
Tax Assessed Value | 436600.0 |
Waterfront Y/N | No |
Street Name | HILL |
Tax Annual Amount | 27863.0 |
Price Per Sq Ft | 243.08 |
Acceptable Financing | Cash,Conventional,Negotiable,Seller Financing |
Vacation Rental Y/N | No |
Days on Market | 423 |
Location Type | Rural |
Standard Status | Pending |
Year Built Source | Estimated |
Tax Lot | 1041 |
Buyer Agent Compensation Type | % Of Gross |
Interior Features
Heating Fuel | Propane - Owned |
---|---|
Hot Water | Electric |
Heating Y/N | Yes |
Street Suffix | ROAD |
Central Air Y/N | Yes |
Exterior Features
Parking Features | Handicap Parking,Private |
---|---|
Lot Features | Backs to Trees,Cleared,Mountainous,Partly Wooded,Road Frontage,Subdivision Possible,Trees/Wooded |
Water Source | Well |
Inclusions | All Equipment. |
Total Parking Spaces | 110 |
Type of Parking | Parking Lot |
Land Use Code | 4281 |
Water View Y/N | No |
Building Area Total | 6500.00 |
Lot Dimensions | 0.00 x 0.00 |
Lot Size Acres | 14.17 |
Road Surface Type | Paved |
Lot Size Units | Square Feet |
Lot Size Source | Estimated |
Road Responsibility | Boro/Township |
Land Assessed Value | 73800.00 |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
LotDimensionsSource | Assessor |
Car Parking Spaces | 108 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool