3725 W LAKE Road Erie, PA ^$ 475,000

3725 W LAKE Road

^$ 475,000

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3725 W LAKE Road

Erie, PA, 16505

^$ 475,000

Studio Baths0.0 Sq 3,320

Monthly Estimate*

^$ 3,157

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Studio

Commercial Property for sale in Erie, PA

for $475,000. This 3,320 square foot building was built in 1924 on a lot size of 0.3469.

Imagine being a part of Erie history! This is your opportunity to acquire not just an amazing building and property, but a landmark business that will be turnkeyed to you to start running from day 1. Easy upside potential by returning to hours in place prior to COVID that owners cannot do now due to personal reasons. Great location, demographics, and traffic counts mean that you will be set for years to come. Bonus income available from upstairs tenant or use it for yourself at end of lease. Bonus is that 2024 is the 100 year anniversary, which means that you will benefit from marketing that history.

Commercial Active

Price

^$ 475,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 4,523

Style

Business

Lot Size

0.3469

Year Built

1924

Town/City

Erie

County/Region

Erie

MLS | Web ID

171156

Features

General

Sewer PublicSewer

Heating Gas HotWater

Cooling CentralAir

Possession CloseOfEscrow SubjectToTenantRights

Year Built 1924

Security Deposit 20000.0

Township Millcreek Township

Property SubType Business

Tax Year 2023

Business Name The Pittsburgh Inn

County Erie

New Construction N

Property Type BusinessOpportunity

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Status Active

Directions Peninsula to west on west lake to property on south side

City Erie

View Y/N N

Senior Community Y/N N

High School District Millcreek

Zoning Description MU

MLS Area 5 - Millcreek N of W26

Waterfront Y/N N

Carport Y/N N

Street Name LAKE

Property Attached Y/N N

Year Built Details Estimate

Land Lease Y/N N

Tax Annual Amount 4523.0

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 225

Standard Status Active

Middle/Junior School District Millcreek

Elementary School District Millcreek

Tax Assessed Value 179000

Exterior

Water Source Public

Total Parking 30.0

Lot Size Area 0.3469

Spa N

Building Area Total 3320.0

Lot Dimensions 103x154x0x0

Lot Size Acres 0.3469

Lot Size Units Acres

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Street Suffix Road

Electric On Property Y/N N

Internal Only

Street Number 1 3725

* Excluded Features

List By

Keller Williams Realty

Broker

jim@jimbarbour.com

Affordability Calculator

$3,534

Per Month

Monthly Principal & Interest: $3,157
Monthly Property Taxes: $377
Monthly Home Insurance: --

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Yearly 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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Nearby

Trends
Schools

Commerical listings in Erie, PA

Average List Price ^$526,338

Percent of Sale Price 11%

About Erie, PA

98,207 Population

-5% Since 2002

^$35,437 Median Income

35.3 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2358936 Elementary School

2358943 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/18/2023	$475,000		Listed Price

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3725 W LAKE Road, Erie, PA, 16505 is a Commercial Property for sale at $475,000 with 3,320 sqft and a lot size of 0.3469. 3725 W LAKE Road is a studio with 0.0 baths and was built in 1924. The property's zip code is 16505 which is in Erie, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Erie Board of Realtors.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Erie Board of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/30/2024.

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3725 W LAKE Road

Commercial Property for sale in Erie, PA

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