3412 Lake Rd Erie, PA 16505

Property Details for 3412 Lake Rd

Year built

1942

Lot size

0.36 lot acres

Property size

6,335 SF

Property type

Retail properties

Property subtype

Office Properties & Spaces

Description

This exceptional 6,335 square foot freestanding building in Erie, Pennsylvania, presents a unique investment opportunity. Situated on a 0.355-acre lot with 100 feet of frontage on West Lake Road, a major thoroughfare boasting 11,000 average daily vehicles (per PennDOT 2022 AADT), this property offers unparalleled visibility and accessibility. The building, constructed in 1942, features a versatile layout including approximately 2,990 square feet of retail space, 2,360 square feet of storage/warehouse area, a 480 square foot office with restroom, and a 400 square foot break room with two restrooms. A total of 16 paved parking spaces are available, with 11 in front and additional spaces behind the building. The property is conveniently located on a public bus route, just 1.1 miles west of Presque Isle State Park and Waldameer & Water World, and surrounded by a variety of businesses including restaurants, shops, and service providers. Zoned MU-1, Neighborhood Mixed-Use, within the LL (Limited Lodging) Overlay District, this property allows for multiple uses, including retail, convenience store, day care center, restaurant, health club, and medical marijuana dispensary (see flyer for complete list). The annual property taxes are $0.69 per square foot. The building is offered at $11.00 per square foot per year ($5,807 per month), plus utilities, snow removal, and lawn care. Floor plans and a 3D tour are available upon request. This is an ideal location for a variety of businesses seeking high visibility and convenient access to a thriving community.

Location Insight

City

Erie

County

Erie

State

Pennsylvania

Longitude

-80.1634

Latitude

42.1011