4845 W LAKE Road Erie, PA 16505
- Added:
- Sep 23, 2025
- Days on Market:
- 227
- Last Refresh:
- May 7 at 2:06 am
Property Features for 4845 W LAKE Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bathroom 6, Bathroom 5, Bathroom 4, Bathroom 3, Bathroom 7, Bathroom 1
- Parking
- 30
- Standard status
- Pending
- APN
- 33-039-144.0-001.01
- Size
- 6,800 SF
- Lot size
- 0.50 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8831
- Expense value
- 15000
- 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
- 1974
- Floors in Building
- 1
- Number of units
- 7
- Building materials
- Block, Cedar
- Roof type
- Composition
- Architectural style
- Other
Listing agent Jake Scheloske License #RS318016 (814) 459-9400
Listing office Agresti Real Estate 2635 W 26th Street, Erie, PA (814) 459-9400
Listing date Sep 23, 2025
MLS# 188088
Listing URL
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
- Prime location on Route 5 in Northwest Millcreek Township with high visibility and traffic exposure.
- Multiple income streams from 7 leased units plus an 8th previously owner‑occupied unit.
- Stable, diversified rental income with room for growth through lease adjustments and full occupancy.
- Turnkey investment or owner‑occupied opportunity with reliable cash flow and tenant mix.
- Approximately 30 parking spaces available in front and rear lots.
- Anchored by a local church with additional suites leased to established businesses.
Overview
Commercial Property on Route 5
Located along Route 5 in Millcreek Township, this commercial property offers visibility and traffic exposure on a half-acre lot. The building has 6,800 square feet and includes 7 leased units plus an additional 8th unit previously owner-occupied. There are 4 bathrooms and approximately 30 parking spaces in front and rear lots. A local church anchors the property, with additional suites leased to established businesses, creating diversified rental income. Investors may value the cash flow and tenant mix, while owner-users can offset occupancy costs with built-in income. The property is positioned for long-term upside.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
US Imaging of Northwest ...
Law Firm
Light Heart Counseling-Therapy
Foster Care Service
Bill Kowalski PHD ...
Physician
Acts 2:42 Bible ...
Church
Theresa Peterson
Counselor
Location Insight
- Map
- Local Demand
- City
- Erie
- County
- Erie
- State
- Pennsylvania
- Longitude
- -80.191265
- Latitude
- 42.077737
Nearby Similar for Sale
FAQs
What type of property is this?
Strip mall - 6,800 SF commercial property with multiple income streams.
Where is this strip mall located?
The property is located at 4845 W LAKE Road Erie, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Prime location on Route 5 in Northwest Millcreek Township with high visibility and traffic exposure.; Multiple income streams from 7 leased units plus an 8th previously owner‑occupied unit.; Stable, diversified rental income with room for growth through lease adjustments and full occupancy.
