Remodeled Mixed-Use Restaurant
For Sale
$525,000
3040 W LAKE Road, Erie, PA 16505
CommercialSale, Erie, PA
Property Size5,906 SF
Lot Size0.44 Acres
Price / SF$88.89
Days on Market260
Property Features for 3040 W LAKE Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
RC-1
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 4
Parking
30
Elementary school district
Millcreek
Middle school district
Millcreek
High school district
Millcreek
Directions
Between 6th and 8th Streets, just west of Peninsula
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
65000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
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# 189283
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 mixed-use property combines a remodeled restaurant and bar with an upstairs apartment measuring 1,581 square feet and offering three bedrooms. The restaurant improvements include updated flooring and lighting, along with kitchen and bar equipment suited to continued food-and-beverage operations. Included equipment consists of refrigerators, fryers, a stove and oven, freezers, an ice machine, a POS system, security cameras, and a 25-tap beer system.
The 5,906-square-foot property occupies 0.44 acres and was built in 1920 with brick construction. Public water and public sewer serve the property, while heating is provided by natural gas and forced air and cooling by central air. The apartment, restaurant, bar, and equipment are integrated within a single mixed-use commercial asset.
The 5,906-square-foot property occupies 0.44 acres and was built in 1920 with brick construction. Public water and public sewer serve the property, while heating is provided by natural gas and forced air and cooling by central air. The apartment, restaurant, bar, and equipment are integrated within a single mixed-use commercial asset.
Key Highlights
- 5,906‑square‑foot mixed‑use property on 0.44 acres
- Upstairs 1,581 SF apartment with 3 bedrooms
- Remodeled restaurant and bar with updated flooring and lighting
Property Analytics
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Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
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
Vacancy Rate% for Retail in Northeast region
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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 included operating equipment.
Where is this mixed-use property located?
The property is located at 3040 W LAKE Road Erie, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 5,906‑square‑foot mixed‑use property on 0.44 acres; Upstairs 1,581 SF apartment with 3 bedrooms; Remodeled restaurant and bar with updated flooring and lighting
