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Property profile

2206-2208 Rice Ave Lake City, PA 16423

FOR SALE
Bars & Pubs
Property ID
US73-0641070
2,480 SF 0.23 ac lot Built 2010
Last sale Jan 2023 · $145,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A 2,480-square-foot restaurant building located at 2206 Rice Ave in Lake City, Pennsylvania. Constructed in 2010, the interior is configured with a dining and bar area, a commercial kitchen, a storage room, and patio seating. Food-service features include a 10-tap beer system, a double-door walk-in cooler, three-bay sinks, and an Ansul fire suppression system; the kitchen is approximately 21 feet by 9 feet, and the storage room is approximately 11 feet by 25 feet. The property footprint is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value · 2024$132k
Assessed land$15k
Assessed improvement$117k
Effective rate2.93%

Value estimate

· Oct 2026
$155k
$140k – $171k
AI approach$160k
NOI build-up
Gross scheduled income$45k
Vacancy & credit loss−$5k
Operating expenses−$12k
NOI · 18.66% cap applied$28k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$73/SF
County average, outlier-cleaned · 56 recorded sales of this use type
Observed band · Q1–Q3$45 – $125

Cap rate analysis

How does the asset earn?
18.66%
$28k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C1
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.6
Building Supply10.7
Parking Facility10.2

Location

2206-2208 Rice Ave Lake City, PA 16423
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
9690 Lk, Lake City, PA 16423-1942 $160,525 Dec 2025 2,790 SF
10204 Lk, Lake City, PA 16423-1805 $95,460 Mar 2025 720 SF
10543 Old Lk, Lake City, PA 16423-1715 $213,173 Mar 2023 6,204 SF
1591 Lk, Lake City, PA 16423-1812 $220,000 Dec 2022 4,168 SF
2102 Rice, Lake City, PA 16423-1533 $125,000 Feb 2022 3,096 SF
10139 Lk, Lake City, PA 16423-1806 $53,000 Jul 2019 1,920 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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