Property profile

5415 Lk Rd Erie, PA 16505

OFF-MARKET
Office buildings
Property ID
US73-3762043
3,010 SF 0.99 ac lot Built 1983
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional single-tenant medical office building, situated on a 0.31-acre lot at 5415 West Lake Road, presents a unique investment opportunity. Constructed in 1983, the 3,000 square foot building is ideally located between Garloch Drive and Clifford Drive, offering convenient access and high visibility. The property's zoning is MU-1, allowing for a variety of potential uses. The building's modern design and professional aesthetic make it an attractive option for a range of medical practices or similar businesses. The single-suite configuration provides efficiency and ease of management. The property's recent use as a physical therapy clinic demonstrates its suitability for healthcare-related businesses. This well-maintained building offers a solid foundation for a thriving practice or investment portfolio. The 0.31 acres of land provide ample space for parking and potential future expansion. This is a rare opportunity to acquire a well-located, functional medical office building in a desirable area. The property's strong location and versatile zoning make it an attractive investment for both owner-occupiers and investors seeking a stable, income-generating asset. Serious inquiries are encouraged.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1983
Construction FRAME
Total area 3,010 SF
Lot 0.99 ac (43,124 SF)
Zoning code BB
APN 33-023-133.0-001.01
UPID US73-3762043

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician

Location

5415 Lk Rd Erie, PA 16505-2841
Erie metro Census 10400 ERIE, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2025
Last sale
$72,000
6 recorded transactions
2025
$72,000
2025
Price N/A
2013
$443,000
2005
$325,000
1999
$160,000
1969
Price N/A

Zoning & alternative use

BB · Erie, PA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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