1405 E LAKE Road Erie, PA $ 249,900
1405 E LAKE Road
$ 249,900
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1405 E LAKE Road

Erie, PA, 16507
$ 249,900
Baths3.0 Sq 3,055

Monthly Estimate*

$ 1,661

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Studio

Pending for sale in Erie, PA

for $249,900 with 3 full baths. This 3,055 square foot home was built in 1947 on a lot size of 0.38.

THIS COMMERCIAL PROPERTY IS LOCATED ON A HIGHLY VISIBLE ROAD WITH TONS OF THROUGH TRAFFIC ON THE MAIN DRAG, E LAKE RD (ROUTE 5). ZONED C-3 WHICH PERMITS FOR A TON OF USES! THIS SOLID PROPERTY IS CONCRETE BLOCK CONSTRUCTED WITH A FULL BASEMENT, 2 SEPARTE UNITS ON PROPERTY, AND INCLUDES A MASSIVE SIDE LOT! EXTERIOR HAS TONS OF LIGHTING AND VISIBLE SIGNAGE. PLUS, IT INCLUDES A PARKLING LOT. PREVIOUSLY USED AS A MARTIAL ARTS STUDIO IN ONE UNIT, AND A TATTOO PIERCING SHOP IN THE OTHER UNIT. TOTALLY SEPARATED 2 UNITS WITH THEIR OWN ENTRANCES, ETC. YOU COULD RENT BOTH OUT FOR AN INCOME PRODUCING PROPERTY, RENT 1 UNIT AND OCCUPY THE OTHER TO PAY FOR ITSELF, OR UTILIZE BOTH UNITS FOR YOUR BUSINESS! ALL METERED UTILITIES ARE SEPARATED (JUST NEED TO DROP A 2ND GAS METER, BUT HOOK UP ALREDY THERE).

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Pending Pending

Price

$ 249,900

Bedrooms

Studio

Full Bath

3

Property Type

Pending

Taxes

$ 2,161

Style

Business

Lot Size

0.38

Year Built

1947

Town/City

Erie

County/Region

Erie

MLS | Web ID

169834

Features
General
Sewer PublicSewer
Heating ForcedAir Gas
Cooling CentralAir
Possession CloseOfEscrow
Roof Rubber
Garage Spaces 0.0
Architectural Style OneStory
Construction Materials Block
Year Built 1947
Security Deposit 5000.0
Stories 1
Township Erie
Levels One
Property SubType Business
Tax Year 2023
Gross Income 32400.0
County Erie
Net Operating Income 28960.0
Insurance Expense 1200.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Pending
Directions E. Lake Road to the corner of Payne Ave.
City Erie
View Y/N N
Senior Community Y/N N
High School District City-Erie
Zoning Description C-3
Total Units 2
MLS Area 1 - Erie Northeast
Waterfront Y/N N
Carport Y/N N
Street Name LAKE
Property Attached Y/N N
Year Built Details Actual
Land Lease Y/N N
Tax Annual Amount 2161.0
Home Warranty Y/N N
Property Condition Resale UpdatedRemodeled
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://my.matterport.com/show/?m=efFRQNMjWtm&mls=1
Days on Market 269
Standard Status Pending
Middle/Junior School District City-Erie
Elementary School District City-Erie
Tax Assessed Value 56800
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Exterior
Water Source Public
Total Parking 8.0
Lot Size Area 0.38
Spa N
Building Area Total 3055.0
Lot Dimensions 129x83x0x0
Lot Size Acres 0.38
Road Surface Type Paved
Lot Size Units Acres
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Road
Total Bedrooms 0
Electric On Property Y/N N
Total Baths 3
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Internal Only
Street Number 1 1405
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* Excluded Features
List By
Agresti Real Estate

Broker

jake@tryagresti.com

Email

Affordability Calculator

$1,841
Per Month
90%
10%
0%
Monthly Principal & Interest
$1,661
Monthly Property Taxes
$180
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2358928 Elementary School
2358969 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/26/2023$249,900 Listed Price

Map


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1405 E LAKE Road, Erie, PA, 16507 is a Pending for sale at $249,900 with 3,055 sqft and a lot size of 0.38. 1405 E LAKE Road is a studio with 3.0 baths and was built in 1947. The property's zip code is 16507 which is in Erie, PA