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    Street-Level Restaurant with Apartment Title is generated by Realmo AI

    144 W ERIE Street, Linesville, PA 16424

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    New
    For Sale
    $135,000

    COMMERCIAL - Other - Linesville, PA

    Property size:
    3,652 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $36/SF
    Added:
    Jun 1, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 4:06 am

    Property Features for 144 W ERIE Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    3
    Rooms
    Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 3
    Standard status
    Active
    APN
    3018-004
    Size
    3,652 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1898
    Expense value
    2000
    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
    1900
    Floors in Building
    2
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Thomas Martinac

    Listing agent Thomas Martinac License #RS330992

    Listing office Howard Hanna BK Conneaut Lake 12213 Midway Dr., MEADVILLE, PA

    Listing date Jun 1, 2026

    MLS# 191229

    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

    • Brick storefront with a finished apartment above in downtown Linesville
    • Storefront is currently rented and operating as a restaurant
    • Space available to develop a second upstairs apartment
    • Natural gas forced‑air heat and central air conditioning
    • Public water and public sewer
    • Restaurant equipment included in the sale (excluding tenant‑owned equipment)

    Overview

    This property offers a full street-level storefront currently operating as a restaurant, with a finished apartment above. The layout provides immediate income through the existing rented restaurant space, while the second level offers additional potential with space enough to develop a second upstairs apartment. The restaurant equipment included in the sale covers most restaurant equipment, excluding items owned by the tenant.

    Located in the heart of downtown Linesville, the storefront provides direct street presence suitable for a restaurant and related uses. The building configuration supports a live-and-work style setup, combining commercial operations at street level with residential space overhead.

    For investors or owner-operators, this is a straightforward opportunity to acquire a functioning restaurant with rental upside from the apartment and the possibility of adding another upstairs unit. The combination of an income-producing ground-floor tenant and developable residential potential above may appeal to buyers seeking diversified returns within a single property.
    Property Profile Location Intelligence

    Current Use by Public Records

    J.a.k kitchen Restaurant J.A.K Pizza Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Auto Parts Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Linesville
    County
    Crawford
    State
    Pennsylvania
    Longitude
    -80.4232662
    Latitude
    41.6561363

    Nearby Similar for Sale

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      1,120 SF

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      138 S MERCER Street, Linesville, PA 16424
      View Details
    • $1,750,000
      18,250 SF

      Aviation Estate & Airpark Opportunity

      136-acre aviation estate with airport, hangars, and residential potential.
      15287 AIRPORT Road, Linesville, PA 16424
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Downtown storefront restaurant with a finished apartment above and space to add another upstairs unit.
    Where is this conventional restaurant located?
    The property is located at 144 W ERIE Street Linesville, PA.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: Brick storefront with a finished apartment above in downtown Linesville; Storefront is currently rented and operating as a restaurant; Space available to develop a second upstairs apartment
    (412) 841-7881
    We can help!
    Listing Contact
    Thomas Martinac
    Real Estate License ID: RS330992
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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