Mixed-Use Restaurant
For Lease
$8 SF/Yr
3040 W LAKE Road, Erie, PA 16505
CommercialLease, Erie, PA
Space SizeContact for details
Lot Size0.44 Acres
Days on Market260
Property Features for 3040 W LAKE Road
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning description
RC-1
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 1, Bathroom 2, Bathroom 4
Parking
30
Elementary school district
Millcreek
Middle school district
Millcreek
High school district
Millcreek
Directions
Between 6th & 8th St, Just West of Peninsula Dr.
Subdivision
5 - Millcreek N of W26
Standard status
Active
APN
33-029-064.0-002.00
Size
5,906 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7178
Expense value
20000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Building materials
Brick
Listing Agency:
Coldwell Banker Select - Airpo · Coldwell Banker Real Estate
(814) 838-2299
Listed By:
Alisa McGraw · License #RS211632L
(814) 392-0999
Added: Jan 9
Changed: Sep 23
Last Checked: Sep 26 at 9:06PM
MLS# 189282
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.
Investment Insights
Based on property information with market context.
This 5,906-square-foot mixed-use property combines a remodeled restaurant and bar with a 1,581-square-foot upstairs apartment offering three bedrooms. Restaurant improvements include updated flooring and lighting, kitchen and bar equipment, a POS system, security cameras, and a 25-beer-tap system. The equipment package includes refrigerators, fryers, a stove/oven, freezers, and an ice machine.
Built in 1920 on 0.44 acres, the brick property is served by public water and public sewer. Heating is provided by natural gas and forced air, with central air conditioning. The property is located at 3040 W Lake Road in Erie, Pennsylvania.
Built in 1920 on 0.44 acres, the brick property is served by public water and public sewer. Heating is provided by natural gas and forced air, with central air conditioning. The property is located at 3040 W Lake Road in Erie, Pennsylvania.
Key Highlights
- 5,906‑square‑foot mixed‑use property on 0.44 acres
- 1,581‑square‑foot upstairs apartment with 3 bedrooms
- Remodeled restaurant and bar with new flooring and lighting
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
102k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 41%
Hotels & Casinos 1%
Sheetz
Shops & Services
21,935 visits/mo
0.2 miles
McDonald's
Dining
20,701 visits/mo
0.3 miles
Country Fair
Shops & Services
19,147 visits/mo
0.4 miles
Applebee's
Dining
15,352 visits/mo
0.4 miles
Taco Bell
Dining
14,725 visits/mo
0.4 miles
Demographics for 16505, PA
16,437
Population
8,407
Households
2
Avg Household Size
49
Median Age
45%
College-Educated
96%
High-School Grad
11.7 sq mi
ZIP Area
1,405
Density / Sq Mi
$71,370
Median Household Income
$45,793
Median Earnings
$871
Median Rent
$196,600
Median Home Value
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Market
Lease Benchmarks for Erie, PA
$15.5 /SF/Yr
Avg Asking Price
$8–$25 /SF/Yr
Price Range
8,778 SF
Avg Space Size
This space is priced 48% below the average of $15.5 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Remodeled restaurant and bar with an upstairs three-bedroom apartment and extensive operating equipment.
Where is this mixed-use property located?
The property is located at 3040 W LAKE Road Erie, PA.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: 5,906‑square‑foot mixed‑use property on 0.44 acres; 1,581‑square‑foot upstairs apartment with 3 bedrooms; Remodeled restaurant and bar with new flooring and lighting
