535 Canal St Reading, PA 19602
- Turn key restaurants
- 12,621 SF
Current Use by Public Records
- Turn key restaurants
Property Details for 535 Canal St
- Year built
- 1905
- Property size
- 12,621 SF
- Property type
- Turn key restaurants
- APN
- 5306-43-86-3606-C02
- APU
- 530643863606C02
Description
This exceptional turn-key restaurant and event space, located at 535 Canal St in Reading, Pennsylvania, is being offered for sale for the first time. The property, condominium unit #3, encompasses 12,703 square feet of net rentable space, distributed across a main floor (11,409 sq ft) and a basement (1,294 sq ft). Built in 1905 and renovated in 2019, this Class C property boasts a prime location within the RR - Riverfront Redevelopment Overlay District, situated on a 0.87-acre lot (APN: 15-3064-28-86-3606). The five-story building offers seating for 250+ patrons and is well-established, with a strong reputation for hosting events, weddings, and meetings. An expertly equipped kitchen and an "R"-Liquor License are included in the sale price of $950,000 ($10.11/sq ft). The property is immediately available. This is a rare opportunity to acquire a thriving, established business in a desirable location. The total building square footage is 93,968 sq ft.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Reading
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.9287
- Latitude
- 40.326
- CBSA code
- 39740
- CBSA name
- READING, PA METROPOLITAN STATISTICAL AREA
