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    531 Canal St Reading, PA 19602

    For Sale
    $950,000

    Turn-key pub, restaurant, and event space available immediately.

    Property size:
    12,703 SF
    Lot size:
    0.88 Acres

    Property Features for 531 Canal St

    General Information

    Size
    12,703 SF
    Lot size
    0.88 Acres

    Source: NAI Keystone Commercial & Industrial, LLC Agent Steve Willems

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Restaurant & Event Space

    This condominium unit, identified as Unit #3, is available for sale. The property encompasses a total of 12,703 square feet, with 11,409 square feet on the main floor and an additional 1,294 square feet in the basement. The space is currently configured as a turn-key pub, restaurant, and event venue, and is available for immediate occupancy. It has seating for 250 or more people. The property has a good reputation and is popular for hosting events, weddings, and meetings. The space includes an expertly equipped kitchen. An "R"-Liquor License is also available.
    Location Intelligence

    Current Use by Public Records

    MMA Academy, Home ... Physical Fitness Program Enchanted Fitness Fitness Center Interior Environments Upholstery Shop Too Lit Studios Recording Studio Expressing Journeys Thru ... Dance School

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.928783
    Latitude
    40.325926

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    FAQs

    What type of property is this?
    Pub - Turn-key pub, restaurant, and event space available immediately.
    Where is this pub located?
    The property is located at 531 Canal St Reading, PA.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Turn-Key Pub, Restaurant & Event Space Available Immediately; - Large Space: 12,703 SF (Main Floor & Basement); - Seats 250+; Popular for Events, Weddings, and Meetings
    (610) 779-1400
    Request Owner's contact information
    531 Canal St Reading, PA 19602
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    Reading, PA 19602
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    531 Canal St Reading, PA 19602
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