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    3250 Lake Rd Erie, PA 16505

    For Sale
    $1,195,000

    Prime Erie office building, 8,972 sq ft, 1.53 acres.

    Property size:
    8,972 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    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 Features for 3250 Lake Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    8,972 SF
    Lot Size
    66,647 SF

    Building Details

    Year Built
    1983
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bay City Psychiatry, ... Psychiatrist Tatyana Kryachkov Nurse Practitioner Ann Griesacker Nurse Practitioner Julie Mannarino Social Worker Center for Focused Care, ... Psychiatrist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.16054
    Latitude
    42.1036

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Erie office building, 8,972 sq ft, 1.53 acres.
    Where is this commercial real estate located?
    The property is located at 3250 Lake Rd Erie, PA.
    What is the asking price?
    The asking price for this property is $1,195,000.
    (814) 459-9400
    Request Owner's contact information
    3250 Lake Rd Erie, PA 16505
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    Erie, PA 16505
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3250 Lake Rd Erie, PA 16505
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