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    Property profile & analytics
    OFF-MARKET Estimated value $695,000
    Office buildings

    3250 Lk Rd, Erie, PA 16505-3691

    8,972 SF 1.53 ac lot Built 1983
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US73-0101125
    Property summary
    AI-generated overview

    This exceptional 8,972-square-foot commercial building is ideally located on 1.53 acres of land at 3250 W Lake Road in Erie, Pennsylvania, a high-traffic area just west of Peninsula Drive. The property boasts a spacious lobby, numerous private offices, and ample open office space, perfect for a variety of professional uses. Additional features include a convenient kitchenette and break room, a dedicated IT operations area, and a pleasant outdoor deck. Ample parking is provided with over 40 spaces. Security is enhanced by a three-zone alarm system and key fob access. High-speed internet connectivity is ensured with optical fiber access. The property also includes a useful tool shed/garage and a substantial 85 kW natural gas generator equipped with an automatic transfer switch, providing reliable power. The building has recently undergone cosmetic updates, presenting a modern and attractive aesthetic. The current owner is leasing the space to themselves and is open to negotiating a leaseback for a portion of the building, potentially assisting with overhead costs during the transition. However, the building can also be delivered vacant at closing. This is a rare opportunity to acquire a beautifully maintained and well-equipped commercial property in a desirable Erie location. Schedule a viewing to explore this exceptional investment.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Year built 1983
    Construction WOOD
    Total area 8,972 SF
    Lot 1.53 ac (66,690 SF)
    Zoning code AB
    APN 33-017-019.0-144.01
    UPID US73-0101125
    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
    Current use
    Occupant on record · Public records
    • Bay City Psychiatry, LLC Physician
    • Tatyana Kryachkov Physician
    • Ann Griesacker Physician
    • Julie Mannarino Foster Care Service Social Service Agency
    • Center for Focused Care, LLC Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $862k
    Blend (final) Blend
    $695k
    Owner & transaction history
    Trisip5 Corp · 7 yrs held
    Trisip5 Corp
    since 2019
    4 recorded transactions
    2019
    $725,000
    2017
    2007
    2002
    $587,500
    Zoning & alternative use
    AB · Erie, PA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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