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    Turn-Key Business with Lake Views Title is generated by Realmo AI

    200 S FIRST Street, Conneaut Lake, PA 16316

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    Claim this Listing
    For Sale
    $650,000

    COMMERCIAL - Conneaut Lake, PA

    Property size:
    5,490 SF
    Lot size:
    0.47 Acres
    Price / SF:
    $118/SF
    Added:
    Jan 13, 2026
    Days on Market:
    167
    Last Refresh:
    Jun 29 at 1:06 am

    Property Features for 200 S FIRST Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking
    8
    Standard status
    Active
    APN
    2101-069
    Size
    5,490 SF
    Lot size
    0.47 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2323
    Expense value
    5000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    We can help!

    Contact an agent
    David Gordon
    David Gordon

    Listing agent David Gordon License #AB066597

    Listing office ERA Richmond Real Estate Service 751 N Main St, Meadville, PA

    Listing date Jan 13, 2026

    MLS# 189322

    Copyright © 2026 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.

    HighLights

    • Turn‑key business with established plumbing, heating, and sewer line supply operations.
    • Includes over $200,000 in inventory.
    • Apartment above the business provides extra income and Conneaut Lake views.
    • Profitable business with 74‑year history in the community.
    • Opportunity for business expansion to serve more local clients.
    • Owners retiring, presenting a ready‑made business opportunity.

    Overview

    This turn-key business is for sale, including an apartment above with views of Conneaut Lake. The owners are looking to retire. The business specializes in plumbing, heating, and sewer line supplies. The sale includes over $200,000 in inventory to help the buyer get started, including hot water heaters and A/C units. The business has been a part of the community for 74 years and has the potential for expansion to serve more local clients. The property size is 5,490 square feet and the lot size is 0.47 acres. The property is located in Conneaut Lake, PA.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $82.4k $15.00
    − Vacancy −$3.5k −$0.63
    EGI $78.9k $14.37
    − OpEx −$23.7k −$4.31
    NOI $55.2k $10.06
    5,490 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $788.9K
    $690.3K – $920.4K (±1% cap)
    NOI $55,224 @ 7.0% cap · market cap 8.50%
    Second Best
    Apartment 5plus
    $601.7K
    $526.5K – $702.0K (±1% cap)
    NOI $42,117 @ 7.0% cap · market cap 6.48%
    Theoretical Best
    Office A
    $1.36M
    $1.19M – $1.59M (±1% cap)
    NOI $95,342 @ 7.0% cap · market cap 14.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Individual retail properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Conneaut Lake
    County
    Crawford
    State
    Pennsylvania
    Longitude
    -80.3012391
    Latitude
    41.6019178

    FAQs

    What type of property is this?
    Individual retail property - Profitable plumbing and heating supply business with apartment and lake views.
    Where is this individual retail property located?
    The property is located at 200 S FIRST Street Conneaut Lake, PA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Turn‑key business with established plumbing, heating, and sewer line supply operations.; Includes over $200,000 in inventory.; Apartment above the business provides extra income and Conneaut Lake views.
    More about this property
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