Property summary
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
VerifiedCap rate & NOI
Current use
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Nail Salon
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Furniture & Home Goods
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Food Market Restaurant
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
BB · Erie, PAZoning
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Zoning designation
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