Corner Commercial Building with
7480 W LAKE Road Fairview, PA 16415
7480 W LAKE Road, Fairview, PA, 16415
$499,900
For Sale
$499,900
COMMERCIAL - Fairview, PA
Property Size4,529 SF
Lot Size0.67 Acres
Price / SF$110.38
Days on Market12
Property Features for 7480 W LAKE Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 4
- Parking
- 25
- Standard status
- Active
- APN
- 21-010-008.0-001.01
- Size
- 4,529 SF
- Lot size
- 0.67 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5999
- Expense value
- 20000
- Expense
- SecurityDeposit
- Expense freq.
- One Time
Utilities
- Sewer type
- Septic Tank
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 1990
- Building materials
- Block, Masonry
Listing Agency
Agresti Real Estate
(814) 459-9400
2635 W 26th Street, Erie, PA
Listed by
Jake Scheloske · License #RS318016
(814) 449-7973
Added: Jul 7 Checked: Jul 18 at 11:06 pm
MLS# 191870
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 solid block-and-masonry corner commercial building offers two separate commercial units, currently used as a print shop/framing shop, along with office space and four bathrooms. Separate utilities provide operational flexibility, and the property includes 400 amp electric service to support a variety of business needs. Roof improvements include a durable metal roof on one side and a composite roof on the other, and some areas have been updated with new laminate flooring.
The exterior includes an outbuilding currently used as a workshop, which can support additional storage, contractor use, or extra workspace depending on the tenant’s needs. The property is positioned on a highly visible corner with strong traffic exposure.
With its dual-unit configuration and multiple interior and exterior work areas, the building is well suited to owner-occupancy and rental scenarios, as well as a broad range of retail, trade, office, showroom, and service uses.
The exterior includes an outbuilding currently used as a workshop, which can support additional storage, contractor use, or extra workspace depending on the tenant’s needs. The property is positioned on a highly visible corner with strong traffic exposure.
With its dual-unit configuration and multiple interior and exterior work areas, the building is well suited to owner-occupancy and rental scenarios, as well as a broad range of retail, trade, office, showroom, and service uses.
Key Highlights
- Corner commercial building built in 1990 with block and masonry construction
- Two separate commercial units currently used as a print shop and a framing shop
- Separate utilities for each unit plus 400 amp electric service
Local Financial Insights For Industrial
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 | $42.9k | $9.48 |
| − Vacancy | −$2.9k | −$0.64 |
| EGI | $40.0k | $8.84 |
| − OpEx | −$12.0k | −$2.65 |
| NOI | $28.0k | $6.18 |
4,529 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Office B
$847.3K
$741.4K – $988.5K
NOI $59,312 @ 7.0% cap · market cap 11.86%
Second Best
Retail
$729.6K
$638.4K – $851.2K
NOI $51,074 @ 7.0% cap · market cap 10.22%
Theoretical Best
Office A
$1.12M
$983.2K – $1.31M
NOI $78,652 @ 7.0% cap · market cap 15.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - This block-and-masonry corner commercial building offers two separate units with separate utilities, office space, and an exterior workshop outbuilding.
Where is this storefront property located?
The property is located at 7480 W LAKE Road Fairview, PA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Corner commercial building built in 1990 with block and masonry construction; Two separate commercial units currently used as a print shop and a framing shop; Separate utilities for each unit plus 400 amp electric service
