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3040 Lake Rd Erie, PA 16505

Sponsored
For Lease
$9 SF/Yr ($4,498 /Mo)

Prime Erie location, 5,906 sq ft, lease/buy options

Lot size:
5,906 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional commercial property at 3040 West Lake Rd in Erie, Pennsylvania, presents a unique investment opportunity. The 5,906 square foot building is situated in Erie County, between 6th and 8th Streets, just west of Peninsula Drive. Its prime location offers unparalleled access to popular attractions, including Waldameer Park and Presque Isle State Park, ensuring high visibility and foot traffic. The property features a beautifully remodeled restaurant and bar, complete with new flooring, lighting, and extensive new equipment. This includes a 25-tap beer system, along with all necessary kitchen appliances such as refrigerators, fryers, ovens, freezers, and an ice machine. The bar is also equipped with a point-of-sale (POS) system and security cameras. Adding to the property's versatility, a newly remodeled 1,581 square foot, three-bedroom apartment is located upstairs. The property is available for sale or lease, with options for purchasing or leasing the building and apartment separately or together. A liquor license is available for an additional $80,000 with the purchase of the building. This turnkey operation is perfect for an ambitious entrepreneur seeking a thriving business in a highly desirable location. The property is zoned for commercial use and currently operates as a multi-tenant space.

Property Features for 3040 Lake Rd

General Information

Property type
Restaurants
Lease Type
Gross Lease
RSF (Rentable sq. ft)
5,906 SF
Total Rate
4498.4

Unit(s) available at that property

Space
Size
5,906 SF
Rate per SF
$9

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

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
-80.1536083
Latitude
42.1037749

FAQs

What type of property is this?
Restaurant - Prime Erie location, 5,906 sq ft, lease/buy options
Where is this restaurant located?
The property is located at 3040 Lake Rd Erie, PA.
What is the lease rate?
The lease rate is $9 SF/Yr.
More about this property
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