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    1580 Lake St Lake City, PA 16423

    Sponsored
    For Sale
    $105,000

    Prime Office/Land Investment, 1920 sq ft

    Property size:
    1,920 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional investment opportunity in Lake City, PA! This 1,920 square foot commercial building sits on a 0.37-acre corner lot at 1580 Lake Street, conveniently located just south of Route 5/West Lake Road and next to a Dollar General. The property features four fully climate-controlled suites, each with its own restroom. A large paved parking lot and exterior signage provide ample space and visibility. Built in 1988, the building boasts recent upgrades including two new heating/cooling units (2024) and a newer roof (2018). Public water and sewer are available, with separately metered gas and electric. Zoned C-2 (Highway/Plaza Commercial), permitted uses include office, retail, service businesses, and more. Enjoy easy access to major transportation routes, just 5 minutes from Route 20 (2 miles) and 9 minutes from I-90 Exit 9 (Girard/Platea). This property presents a strong return on investment with its prime location and versatile zoning. Asking price: $105,000.

    Property Features for 1580 Lake St

    General Information

    Property type
    Land
    Square Feet
    1,920 SF
    Lot Size
    16,117 SF

    HighLights

    • $105,000 asking price.
    • 1,920 square foot office building on a 0.37‑acre lot.
    • Located at 1580 Lake Street, Lake City, PA 16423.
    • Four climate‑controlled suites, each with a restroom.
    • Features a large paved parking lot and exterior signage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Paul A Bensur Jr. ... Counselor Norman Williams LMT ... Massage Therapist

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop Wholesale Shop Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.3455981
    Latitude
    42.0193462

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Prime Office/Land Investment, 1920 sq ft
    Where is this land located?
    The property is located at 1580 Lake St Lake City, PA.
    What is the asking price?
    The asking price for this property is $105,000.
    What are key features of this property?
    This property features: $105,000 asking price.; 1,920 square foot office building on a 0.37-acre lot.; Located at 1580 Lake Street, Lake City, PA 16423.
    Request Owner's contact information
    1580 Lake St Lake City, PA 16423
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    Lake City, PA 16423
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    1580 Lake St Lake City, PA 16423
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