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    OFF-MARKET
    Bars & Pubs

    4935 Lk Rd, Erie, PA 16511-1416

    4,026 SF 0.34 ac lot Built 1940
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US73-1356242
    Property summary
    AI-generated overview

    This exceptional turnkey opportunity presents the Creeks Bar & Grill, a thriving and profitable restaurant and tavern located at 4935 E Lake Rd, Erie, PA 16511. Boasting 4,026 square feet of space in a single-story building on a 0.34-acre lot, this well-established business is offered for sale at $399,900 ($99.33/sq ft). Built in 1940 and renovated in 2005, the property is zoned B-1 and features ample parking with 35 spaces. The sale includes the real estate, a valuable liquor license, all recipes, signage, goodwill, furnishings, fixtures, and equipment. Currently operating at 100% occupancy since June 9th, 2023, this is a rare chance to acquire a successful, established business with a proven track record. Detailed financial information is available upon execution of a confidentiality agreement. The property is privately owned and features one unit within a single building. The APN is 27-004-070.0-002.00. Don't miss this chance to own a piece of Erie's vibrant culinary scene.

    Property profile
    Verified
    Property type Bars & Pubs
    Use group BAR, TAVERN
    Year built 1940
    Construction WOOD
    Total area 4,026 SF
    Lot 0.34 ac (14,876 SF)
    Zoning code B1
    APN 27-004-070.0-002.00
    UPID US73-1356242
    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
    • Creeks, Bar and Grille Bar & Pub
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Creeks Bar & Grille LLC · 7 yrs held
    Creeks Bar & Grille LLC
    since 2018
    7 recorded transactions
    2018
    $390,000
    2018
    2016
    2005
    $139,000
    1999
    1969
    1969
    Zoning & alternative use
    B1 · Erie, PA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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