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OFF-MARKET
Retail properties & Spaces

0 Confidential Ln Erie, PA 16505

6,000 SF 1.5 ac lot Built 1970
Property ID
Property summary
AI-generated overview

This exceptional business opportunity encompasses a thriving restaurant, delicatessen, and catering operation in Erie, Pennsylvania. The sale includes the established business, its strong reputation and goodwill, the operating name, all existing kitchen equipment, and current food inventory. The property itself is a three-unit plaza building situated on a 1.5-acre lot, offering significant potential for expansion or additional income streams. Built in 1970, the main building comprises 6,000 square feet, with a total of three units in the plaza. The property is zoned MU-1, allowing for a variety of uses. Financial details are available upon request, but the asking price for the entire package – business and real estate – is $1,400,000, representing a price per square foot of $233.33. This is a turnkey operation ready for a new owner to step in and continue its success. The address is confidential to protect the current business operations, but the property is conveniently located in Erie, PA, zip code 16505. This is a rare opportunity to acquire a well-established, profitable business with significant real estate assets in a desirable location. Serious inquiries only.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1970
Total area 6,000 SF
Lot 1.5 ac (65,340 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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