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    1402 E Lake Rd Erie, PA 16507

    For Sale
    $275,000

    SINGLE_FAMILY - Erie, PA

    Type:Retail
    Property size:
    1,812 SF
    Lot size:
    0.12 Acres
    Days on Market:
    95
    Last Refresh:
    Dec 15 at 6:06 am

    Property Features for 1402 E Lake Rd

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    14-011-002.0-508.00
    Size
    1,812 SF
    Lot size
    0.12 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1936

    Agresti Real Estate (814) 459-9400 [email protected]

    Listing agent Bob List (814) 504-8087 License #RS367057

    Listing date Sep 12, 2025

    Copyright © 2025 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Business Opportunity on East Lake

    This turnkey property on East Lake Road in Erie, PA, presents an exceptional business opportunity to own both a well-established business and the building it operates in. Situated on the high-traffic East Lake Road, the property benefits from excellent visibility and access. The existing business offers a diverse revenue stream, including prepared foods and beverages, retail clothing sales, games of chance, and general merchandise. The property is fully equipped and ready for immediate operation, with an existing customer base and a solid local presence. The building has a size of 1812 square feet and sits on a lot of 0.1222 acres. This move-in-ready opportunity offers great potential for growth in an accessible area for investors or owner-operators looking to start their first venture or expand their current portfolio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bitcoin Depot | Bitcoin ... Atm Amazon Hub Counter ... Shipping And Mailing Service Big B Food ... Convenience Store

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.055324
    Latitude
    42.141228

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    FAQs

    What type of property is this?
    Retail space - Established business and building for sale on high-traffic East Lake Road.
    Where is this retail space located?
    The property is located at 1402 E Lake Rd Erie, PA.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - Turnkey business opportunity with real estate included.; - Located on high-traffic East Lake Road with **excellent visibility and access**.; - Diverse revenue streams: prepared foods & beverages, retail clothing, games of chance, general merchandise.
    (814) 504-8087
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    1402 E Lake Rd Erie, PA 16507
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    Erie, PA 16507
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1402 E Lake Rd Erie, PA 16507
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