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Financial
Distress signals
Property profile

3401 Lk Rd Erie, PA 16505

OFF-MARKET
Auto shops
Property ID
US73-0968323
1,440 SF 0.32 ac lot Built 1953
Last sale Jun 2026 · $200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 3401 W Lake Road in Erie, Pennsylvania comprises an approximately 1,440-square-foot auto service facility built in 1953. It features a two-bay repair garage with two automotive lifts (lifts in place) along with central air conditioning and gas service. The site includes 15 parking spaces and a fenced storage area located behind the garage; this storage area has been rented to a neighboring party and may be vacated with notice. Zoning is MU-1, and the property’s existing use is identified as a permitted nonconforming use. Mineral rights are included.

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?
$2k
Tax billed · 2023
Assessed value · 2024$94k
Assessed land$63k
Assessed improvement$31k
Effective rate2.59%

Value estimate

· Oct 2026
$240k
$216k – $264k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$69/SF
Submarket average, outlier-cleaned · 49 recorded sales of this use type
Observed band · Q1–Q3$31 – $102
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BB
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm12.8
Dental Office12.1
Realty agency11.6

Location

3401 Lk Rd Erie, PA 16505-3611
County assessor Recorded deeds · 4 transfers 3 qualifying comp sales 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1115 Lowell, Erie, PA 16505-4147 $715,000 Nov 2025 1,800 SF
3027 12th, Erie, PA 16505-3861 $475,000 Oct 2023 2,556 SF
3759 Lk, Erie, PA 16505 $250,000 Jul 2023 4,278 SF
4060 Lk, Erie, PA 16505-3267 $190,000 Sep 2020 2,673 SF
1226 Industrial, Erie, PA 16505-4324 $110,000 Sep 2020 3,500 SF
2725 12th, Erie, PA 16505-4201 $129,000 Mar 2019 2,040 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
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