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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
Prime location on Penn Avenue. Ideal for retail or commercial users who require a high profile location in the County's highest demographic area in terms of customer spending. Take advantage of the current layout or modify to fit your business.
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. An "R" Liquor License is available for sale if required.
Construction details: Masonry and red brick exterior with some Dryvit. 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.
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. An "R" Liquor License is available for sale if required.
Construction details: Masonry and red brick exterior with some Dryvit. 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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| 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
$2,409,557 CAD
Price Per SF
$227.98 CAD
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)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 93-5307-18-20-5395 | Total Assessment | $734,284 CAD |
| Land Assessment | $324,389 CAD | Annual Taxes | -$10,569 CAD (-$1.00 CAD/SF) |
| Improvements Assessment | $409,896 CAD | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
93-5307-18-20-5395
Land Assessment
$324,389 CAD
Improvements Assessment
$409,896 CAD
Total Assessment
$734,284 CAD
Annual Taxes
-$10,569 CAD (-$1.00 CAD/SF)
Tax Year
2025 Payable 2025
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421 Penn Ave
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