9-Hole Golf Course with
For Sale
$1,599,900
3730 HARBOR RIDGE Trail, Erie, PA 16510
CommercialSale, Erie, PA
Property Size3,232 SF
Lot Size182.53 Acres
Price / SF$495.02
Days on Market212
Property Features for 3730 HARBOR RIDGE Trail
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
PRD
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
50
Elementary school district
Harborcreek
Middle school district
Harborcreek
High school district
Harborcreek
Directions
Rt. 20/Buffalo Rd., Approximately 1.6 Miles On Depot To Harbor Ridge Entrance; From I-90 Take Exit 35 (Harborcreek), North For .5 Mile
Subdivision
15 - Harborcrk/Wesleyvill/Law Pk
Standard status
Active
APN
27-081-211.0-001.00
Size
3,232 SF
Lot size
182.53 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12622
Expense value
50000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2004
Building materials
VinylSiding
Listing Agency:
Agresti Real Estate
(814) 459-9400
Listed By:
Jake Scheloske · License #RS318016
(814) 449-7973
Added: Jan 23
Changed: Aug 19
Last Checked: Aug 23 at 2:06PM
MLS# 189426
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 182.53-acre golf and dining property combines a maintained 9-hole course with a 280-yard driving range featuring grass tees and target greens. Site improvements are already in place for a possible future expansion to 18 holes. The clubhouse includes an entertainment deck oriented toward lake views and sunset vistas, while the associated Harbor View Grill is equipped for restaurant operations. A pole garage and golf-related equipment are also part of the offering.
The property is located in Erie, Pennsylvania, and is served by public water and public sewer. Building systems include forced-air heating with natural gas and central air conditioning. The improvements were constructed in 2004 with vinyl siding. The combination of golf facilities, dining space, range infrastructure, and event-oriented amenities supports continued recreational and hospitality use.
The property is located in Erie, Pennsylvania, and is served by public water and public sewer. Building systems include forced-air heating with natural gas and central air conditioning. The improvements were constructed in 2004 with vinyl siding. The combination of golf facilities, dining space, range infrastructure, and event-oriented amenities supports continued recreational and hospitality use.
Key Highlights
- 182.53‑acre golf and restaurant property in Erie, PA
- Maintained 9‑hole golf course with a 280‑yard driving range
- Driving range includes grass tees and target greens
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,422
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$908,440
$908.4K
Cap Rate 7%
$648,886
$648.9K
Cap Rate 9%
$504,689
$504.7K
Market Conditions
NOI Build-Up for 3,232 SF
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.
Gross rent
$63.2K $19.56/SF
− Vacancy
−$2.7K −$0.82/SF
EGI
$60.6K $18.74/SF
− OpEx
−$15.1K −$4.68/SF
NOI
$45.4K $14.05/SF
Area
Erie County, PA
Vacancy
4.20%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$908,440
Cap Rate 7%
$648,886
Cap Rate 9%
$504,689
Alternative Uses
Best Use
Specialty Retail
$648.9K
$567.8K – $757.0K
NOI $45,422 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$801.8K
$701.6K – $935.5K
NOI $56,128 @ 7.0% cap · market cap 3.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 16510, PA
24,515
Population
10,354
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
92%
High-School Grad
33.0 sq mi
ZIP Area
743
Density / Sq Mi
$64,938
Median Household Income
$40,064
Median Earnings
$796
Median Rent
$158,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Golf course & driving range - Golf property includes a driving range, clubhouse deck, and fully equipped restaurant.
Where is this golf course & driving range located?
The property is located at 3730 HARBOR RIDGE Trail Erie, PA.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: 182.53‑acre golf and restaurant property in Erie, PA; Maintained 9‑hole golf course with a 280‑yard driving range; Driving range includes grass tees and target greens
