535 Canal St Reading, PA 19602
Property profile & analytics
535 Canal St Reading, PA 19602
- Turn key restaurants
- 12,621 SF
Property ID
US73-1971903
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
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 Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $365,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $725,000
Market price range: $293k - $726k
Get a detailed, property-specific estimation — fast and free
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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$8,890
$9,500
$326,300
$335,800
-
$9,500
$326,300
$335,800
