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Fully Equipped Restaurant Property
For Sale
$229,900

4935 E Lake Rd, Erie, PA 16511

Restaurant-and-bar space with furnishings, equipment, signage, and on-site parking included.

Property Size4,026 SF
Price / SF$57.10
Days on Market51

Property Features for 4935 E Lake Rd

General Information

Standard status Active
Size 4,026 SF
Property subtype Business Opportunity

Restaurant

Equipment Included Yes
Liquor License No

Additional Details

Furnished Yes

Taxes and HOA fees

Annual Taxes $7,847
Listing Agency: Agresti Real Estate
Listed By: Jake Scheloske · License #RS318016
Source: Exprealty
Added: Aug 27 Changed: Oct 10 Last Checked: Oct 15 at 3:32AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Agresti Real Estate

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Investment Insights

Based on property information with market context.

This 4,026-square-foot restaurant property at 4935 E Lake Rd includes an established restaurant-and-bar layout along with appliances, furnishings, fixtures, signage, and equipment. The existing setup supports a range of restaurant, tavern, sports bar, or entertainment concepts without requiring a new buildout.

On-site parking serves both patrons and employees. A liquor license may become available separately at a later date, subject to separate purchase and availability.

Key Highlights

  • 4,026‑square‑foot restaurant property at 4935 E Lake Rd
  • Existing restaurant‑and‑bar layout
  • Appliances, furnishings, fixtures, signage, and equipment included

Property Analytics

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Current Use

Creeks, Bar and Grille Bar & Pub

Suggested Use

Top Pick Dental Office Restaurant Hair Salon Spa & Massage Center Building Supply Big Box & Wholesale Store

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

92
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Country Fair Shops & Services
4,463 visits/mo 0.3 miles
Dollar General Shops & Services
3,658 visits/mo 0.3 miles

Demographics for 16511, PA

11,347
Population
4,861
Households
2.3
Avg Household Size
43
Median Age
32%
College-Educated
96%
High-School Grad
7.4 sq mi
ZIP Area
1,533
Density / Sq Mi
$71,644
Median Household Income
$41,998
Median Earnings
$871
Median Rent
$162,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant-and-bar space with furnishings, equipment, signage, and on-site parking included.
Where is this conventional restaurant located?
The property is located at 4935 E Lake Rd Erie, PA.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: 4,026‑square‑foot restaurant property at 4935 E Lake Rd; Existing restaurant‑and‑bar layout; Appliances, furnishings, fixtures, signage, and equipment included
More about this property
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