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421 Penn Ave 10,569 SF Retail Building West Reading, PA 19611 $2,200,000 ($208.16/SF)

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INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99

TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,569 SF
Building Class
C
Year Built/Renovated
1937/2012
Price
$2,200,000
Price Per SF
$208.16
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.53
Lot Size
0.46 AC
Opportunity Zone
Yes
Parking
23 Spaces (2.18 Spaces per 1,000 SF Leased)
Walk Score®
Walker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Crossfit
Bravo Supermarkets
Rent-A-Center
Starbucks
Fulton Bank
Weight Watchers

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
93-5307-18-20-5395
Land Assessment
$229,900
Improvements Assessment
$290,500
Total Assessment
$520,400
Annual Taxes
($10,569) (($1.00)/SF)
Tax Year
2025 Payable 2025
  • Listing ID: 36658167

  • Date on Market: 7/9/2025

  • Last Updated:

  • Address: 421 Penn Ave, West Reading, PA 19611

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