You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Retail space

5360 Lk Rd Erie, PA 16505-2842

3,506 SF 0.4 ac lot Built 1970
Entity Owned ~ Est. High Equity
Property ID
US73-1666520
Property summary
AI-generated overview

Lakeshore Teresa's Deli, an Erie institution for over 37 years, is available for sale. This turnkey opportunity includes the established business name, goodwill, all furnishings, fixtures, and equipment, and even the treasured recipes. The sale also encompasses the real estate, offered with a minimum 5-year net lease at a mutually agreeable rental rate. This presents a unique chance to acquire a well-established and profitable business with a strong reputation. The deli has been recognized with prestigious awards, earning the title of Erie's best Caterer/Catering Company AND Sub/Deli/Sandwich Shop in the 2024 Community Choice Awards. The property itself boasts a substantial 3,506 square feet situated on a 0.4-acre lot at 5360 W Lake Road in Erie, PA. The asking price for this exceptional package is $800,000. Seller financing is available for qualified buyers, making this an attractive investment opportunity for those seeking a proven business model with significant growth potential. The sale includes the business, real estate lease, and all assets necessary for immediate operation. This is a rare chance to own a piece of Erie's culinary history and build upon its already impressive success. Don't miss this opportunity to own a thriving, award-winning business in a prime location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1970
Construction FRAME
Total area 3,506 SF
Lot 0.4 ac (17,402 SF)
Zoning code BB
APN 33-023-120.0-014.00
UPID US73-1666520
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
  • Your Impressive Image Nail Salon
  • Cover To Cover Upholstery Shop Furniture & Home Goods
  • Teresa's Deli & Catering - Lakeshore Food Market Restaurant
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
5360 West Lake Road LLC
5360 West Lake Road LLC
since 2025
Last sale
$700,000
3 recorded transactions
2025
$700,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
BB · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5360 Lk Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message