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Property profile & analytics
OFF-MARKET Estimated value $695,000
Office buildings

3250 Lk Rd Erie, PA 16505-3691

8,972 SF 1.53 ac lot Built 1983
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US73-0101125
Property summary
AI-generated overview

This exceptional 8,972-square-foot commercial building is ideally located on 1.53 acres of land at 3250 W Lake Road in Erie, Pennsylvania, a high-traffic area just west of Peninsula Drive. The property boasts a spacious lobby, numerous private offices, and ample open office space, perfect for a variety of professional uses. Additional features include a convenient kitchenette and break room, a dedicated IT operations area, and a pleasant outdoor deck. Ample parking is provided with over 40 spaces. Security is enhanced by a three-zone alarm system and key fob access. High-speed internet connectivity is ensured with optical fiber access. The property also includes a useful tool shed/garage and a substantial 85 kW natural gas generator equipped with an automatic transfer switch, providing reliable power. The building has recently undergone cosmetic updates, presenting a modern and attractive aesthetic. The current owner is leasing the space to themselves and is open to negotiating a leaseback for a portion of the building, potentially assisting with overhead costs during the transition. However, the building can also be delivered vacant at closing. This is a rare opportunity to acquire a beautifully maintained and well-equipped commercial property in a desirable Erie location. Schedule a viewing to explore this exceptional investment.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1983
Construction WOOD
Total area 8,972 SF
Lot 1.53 ac (66,690 SF)
Zoning code AB
APN 33-017-019.0-144.01
UPID US73-0101125
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bay City Psychiatry, LLC Physician
  • Tatyana Kryachkov Physician
  • Ann Griesacker Physician
  • Julie Mannarino Foster Care Service Social Service Agency
  • Center for Focused Care, LLC Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$862k
Blend (final) Blend
$695k
Owner & transaction history
Trisip5 Corp · 7 yrs held
Trisip5 Corp
since 2019
4 recorded transactions
2019
$725,000
2017
Price N/A
2007
Price N/A
2002
$587,500
Zoning & alternative use
AB · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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