421 Penn Ave - Restaurant FOR SALE


West Reading, PA 19611
$2,500,000 USD
610-779-1400
421 Penn Ave, West Reading, PA for Sale
$2,500,000 USD
Restaurant - FOR SALE
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null | Request Cap Rate

421 Penn Ave
West Reading, PA 19611


HIGHLIGHTS

  • Dominant Location on the "Avenue"
  • Available Turnkey or for an Adaptive Re-use
  • Never before offered, rare opportunity for this prime location

OVERVIEW

Classic red brick building with a glass façade and patio on the Penn Avenue side. The building has been home to GNA Ristorante and Pizzeria since 2006. Known for its authentic cuisine and warm atmosphere, the building is flexible featuring a banquet area, main dining room, bar w/ bar dining and a casual area with inviting booths. The Pizzeria has a side entrance which affords customers easy access to carry-outs. Located on Penn Avenue and Tulpehocken Street makes this a prime location for it’s West Reading and Wyomissing clientele. The building is large enough to support four separate areas and/or four businesses. Use your imagination as to how you could redevelop this property or stay the course and extend the excellent reputation of delivering high quality food and drinks. Visit naikeystone.com for accurate listing info. The building was acquired in 2006 with major renovations from 2006 to 2012. It was originally built in 1939 as the location of Moore’s Restaurant and later Queen City Diner closing in 2006. Masonry and red brick exterior with some Dryvit added in 2006. Anodized aluminum frame insulated glass windows. Wood roof system, both flat and an arched areas, clad with a mechanically fastened rubber membrane in 2015. Interior finishes include Italian tile floors, grid type ceiling set at 10’ AFF, insulated partition walls, commercial kitchen has red tile floor, smooth cleanable walls, hood systems with both make-up air and integrated fire suppression systems. The banquet area has a floor to ceiling sound retardant curtain-wall and door to offer privacy or to enable larger groups to be hosted. This area can be coupled with the main dining Room to accommodate groups over 100 Visit naikeystone.com for accurate listing info.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$237 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1937

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

-

APN/PARCEL ID

93-5307-18-20-5395

ASK ABOUT THIS PROPERTY

Steve Willems, SIORNAI Keystone Commercial & Industrial LLCMore Info
610-779-1400

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Steve Willems, SIORNAI Keystone Commercial & Industrial LLCMore Info
610-779-1400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.