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Remodeled Bar and Pub with Apartment
For Sale
$525,000

3040 W LAKE Road, Erie, PA 16505

COMMERCIAL - Erie, PA

Property Size5,906 SF
Lot Size0.44 Acres
Price / SF$88.89
Days on Market220

Property Features for 3040 W LAKE Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning description RC-1
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 3, Bathroom 4, Bathroom 1, Bathroom 2
Parking 30
Elementary school district Millcreek
Middle school district Millcreek
High school district Millcreek
Directions Between 6th and 8th Streets, just west of Peninsula
Subdivision 5 - Millcreek N of W26
Standard status Active
APN 33-029-064.0-002.00
Size 5,906 SF
Lot size 0.44 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7178
Expense value 65000
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 1920
Building materials Brick
Listing Agency: Coldwell Banker Select - Airpo · Coldwell Banker Real Estate
Listed By: Alisa McGraw · License #RS211632L
Added: Jan 9 Changed: Aug 15 Last Checked: Aug 17 at 6:06PM
MLS# 189283

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 5,906-square-foot brick bar and pub property includes a restaurant operation, bar area, and a 1,581-square-foot upstairs apartment with three bedrooms. The restaurant and bar have been remodeled with updated flooring, lighting, and equipment, including refrigerators, fryers, a stove and oven, freezers, and an ice machine. A 25-tap beer system, bar equipment, POS system, and security cameras are also included.

Built in 1920, the property occupies 0.44 acres and is served by public water and public sewer. Heating is provided by natural gas and forced air, with central air conditioning. The property is located in Erie near Waldameer and Presque Isle.

Key Highlights

  • 5,906 SF brick bar and pub property on 0.44 acres
  • Includes a 1,581 SF upstairs apartment with 3 bedrooms
  • Remodeled restaurant and bar with updated flooring, lighting, and equipment

Property Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Auto Parts Store Big Box & Wholesale Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

467
Businesses Nearby
44k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 51% Dining 47% Hotels & Casinos 2%
Sheetz Shops & Services
21,935 visits/mo 0.3 miles
McDonald's Dining
20,701 visits/mo 0.4 miles
Comfort Inn Presque Isle Hotels & Casinos
951 visits/mo 0.4 miles
Gerber Collision & Glass Shops & Services
472 visits/mo 0.4 miles

Demographics for 16505, PA

16,437
Population
8,407
Households
2
Avg Household Size
49
Median Age
45%
College-Educated
96%
High-School Grad
11.7 sq mi
ZIP Area
1,405
Density / Sq Mi
$71,370
Median Household Income
$45,793
Median Earnings
$871
Median Rent
$196,600
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Similar Off Market Nearby

  • www.bierhausmtspring.com 3723 W 12th St, Erie, PA 16505
  • West Lake Beer, Inc. 3528 W Lake Rd, Erie, PA 16505
  • Odis 12 Sports Bar & Grille 3702 W 12th St, Erie, PA 16505
  • Ugly Tuna Tavern 1012 Peninsula Dr, Erie, PA 16505
  • Last Shot Bar & Grill 3064 W 12th St, Erie, PA 16505

Frequently Asked Questions

What type of property is this?
Bar & Pub - Includes a three-bedroom upstairs apartment and an extensive package of restaurant and bar equipment.
Where is this bar & pub located?
The property is located at 3040 W LAKE Road Erie, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 5,906 SF brick bar and pub property on 0.44 acres; Includes a 1,581 SF upstairs apartment with 3 bedrooms; Remodeled restaurant and bar with updated flooring, lighting, and equipment
More about this property
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