3250 Lake RdErie, PA 16505

Property Details for 3250 Lake Rd

Year built

1983

Construction

WOOD

Lot size

1.53 AC

Property size (Sq ft)

8,972 SF

Zone code

AB

Property type

Office properties

Property subtype

Office buildings

APN

33-017-019.0-144.01

APU

33017019014401

Description

This exceptional 8,972-square-foot commercial building is ideally located on 1.53 acres of land at 3250 W Lake Road in Erie, Pennsylvania, a high-traffic area just west of Peninsula Drive. The property boasts a spacious lobby, numerous private offices, and ample open office space, perfect for a variety of professional uses. Additional features include a convenient kitchenette and break room, a dedicated IT operations area, and a pleasant outdoor deck. Ample parking is provided with over 40 spaces. Security is enhanced by a three-zone alarm system and key fob access. High-speed internet connectivity is ensured with optical fiber access. The property also includes a useful tool shed/garage and a substantial 85 kW natural gas generator equipped with an automatic transfer switch, providing reliable power. The building has recently undergone cosmetic updates, presenting a modern and attractive aesthetic. The current owner is leasing the space to themselves and is open to negotiating a leaseback for a portion of the building, potentially assisting with overhead costs during the transition. However, the building can also be delivered vacant at closing. This is a rare opportunity to acquire a beautifully maintained and well-equipped commercial property in a desirable Erie location. Schedule a viewing to explore this exceptional investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,614,062

  6.5%

  $1,489,904

  7%

  $1,383,482

• Comparable approach

  Method

  Valuation

  Relative Method

  $839,241

  Geo Method

  $839,241

• Alternative Use

  Use

  Valuation

  Residential

  $1,847,480

  Hospitality

  $1,692,282

  Educational

  $1,407,959

  Medical

  $1,456,381

  Retail

  $2,190,158

Location Insight

City

Erie

County

Erie

State

Pennsylvania

Latitude

42.1036

Longitude

-80.1605

CBSA code

21500

CBSA name

ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].