Turn-Key Pub and Restaurant
531 Canal St Reading, PA 19602
For Sale
Contact for pricing
Condominium unit offers a main level and basement event-capable setup with a fully equipped kitchen.
Property Size12,703 SF
Price / SF$74.79
Days on Market614
Property Features for 531 Canal St
General Information
Standard status
Active
Size
12,703 SF
Property subtype
RETAIL
Listing Agency:
NAI Keystone Commercial & Industrial, LLC
(610) 779-1400
Listed By:
Steve Willems · License #RS316192
(610) 779-1400
Source:
Moodyscre
Added: Nov 22, 2024
Changed: Jul 26
Last Checked: Jul 28 at 3:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Keystone Commercial & Industrial, LLC
Investment Insights
Based on property information with market context.
Condominium Unit #3 is offered for sale and includes a main floor plus a basement, totaling 12,703 square feet. The space is presented as a turn-key pub, restaurant, and event venue, and it includes an expertly equipped kitchen. The unit seats up to 250.
The property is described as popular for events, weddings, and meetings, and is available immediately. An “R” liquor license is also available.
This offering consists of the complete condominium unit configuration for Unit #3, including both the main level (11,409 SF) and basement (1,294 SF).
The property is described as popular for events, weddings, and meetings, and is available immediately. An “R” liquor license is also available.
This offering consists of the complete condominium unit configuration for Unit #3, including both the main level (11,409 SF) and basement (1,294 SF).
Key Highlights
- Condominium Unit #3 includes 11,409 SF main floor plus 1,294 SF basement, totaling 12,703 SF.
- Turn‑key pub, restaurant, and event space setup is available immediately.
- Designed to seat 250+ for events, weddings, and meetings.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.2k | $8.83 |
| − Vacancy | −$6.3k | −$0.49 |
| EGI | $105.9k | $8.34 |
| − OpEx | −$31.8k | −$2.50 |
| NOI | $74.1k | $5.83 |
12,703 SF · lease $8.83/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.81M
$1.58M – $2.11M
NOI $126,406 @ 7.0% cap · market cap 13.31%
Second Best
Industrial
$1.06M
$926.5K – $1.24M
NOI $74,120 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$2.09M
$1.82M – $2.43M
NOI $145,973 @ 7.0% cap · market cap 15.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Reading Draft Birch Beer — 614 gregg ave, reading, pa 19611
- The Cocktail Corner on Carroll — 201 Carroll St, Reading, PA 19611
- Trooper Thorn's Irish Beef House — 451 Morgantown Rd, Reading, PA 19611
- 501 Bar and Lounge — 501 Upland Ave, Reading, PA 19611
- Sokol's — 411 crestmont st, reading, pa 19611
Frequently Asked Questions
What type of property is this?
Bar & Pub - Condominium unit offers a main level and basement event-capable setup with a fully equipped kitchen.
Where is this bar & 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: Condominium Unit #3 includes 11,409 SF main floor plus 1,294 SF basement, totaling 12,703 SF.; Turn‑key pub, restaurant, and event space setup is available immediately.; Designed to seat 250+ for events, weddings, and meetings.
