The Peanut Bar Restaurant

332 Penn Street, Reading, PA 19602

Property Information

  • For Sale $950,000
  • Property Type Retail - Restaurant
  • Property Size 10,000 SF
  • Units 4
  • Lot Size 0.71 Acre
  • Parking Spaces Avail. 62
  • Year Built 1935
  • Year Renovated 2000
  • Date Updated Oct 30, 2026

Description

Center City District of Reading PA Visit naikeystone.com for accurate listing info.The Peanut Bar Restaurant has operated at its current location of 332 Penn Street since 1935, under the same family ownership. Original owner Jimmy Kramer passed the operation to his son-in-law Harold Leifer who helped lead the business from the 1950s and renamed it Jimmie Kramer’s The Peanut Bar in 1958. The restaurant later passed to the next generation, with grandson Michael Leifer managing it. Today, it remains at 332 Penn Street, known for its long family history, classic bar atmosphere, and peanut-shell-covered floor. In addition to the main building with the approx. 6,500 SF restaurant, there are three upstairs rental units, two occupied by residential users and one serving as a business office. 39 On-site Surface Spaces, with direct access to Reading Parking Authority lot with approx. 50 space that are currently unmetered after 5pm. Additional 23 parking spaces in lot at 25a Third St. Visit naikeystone.com for accurate listing info.

Highlights

  • Adaptable to various retail concepts
  • Commercial frontage at 332 Penn Street
  • Efficient customer access
  • Flexible layout for multiple uses
  • Income-producing asset potential
  • Prime retail / restaurant facility
  • Street-facing commercial presence
  • Strong merchandising potential
  • Suitable for owner-user or investor
  • Well-suited for long-term ownership

Contacts

Location

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