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5360 W Lake Rd
Erie, PA 16505

Retail Property For Sale

Retail Buildings Pennsylvania Erie 5360 W Lake Rd, Erie, PA 16505

Investment Highlights

  • Heavy daytime traffic
  • Corner lot
  • Iconic Erie Deli and Restaurant
  • Signalized intersection

Executive Summary

An Erie icon is now available! Lakeshore Teresa's Deli is for sale, and the sale includes a three-unit plaza building; two outbuildings; name; business; goodwill; all furnishings, fixtures and equipment; recipes and sign. Established for over 37 years, the owner is finally ready to retire and pass this business on to the next profitable owner. Named Erie's best Caterer/Catering Company AND Sub/Deli/Sandwich Shop by the 2024 Community Choice Awards. Seller financing available for a qualified buyer.
Also available as business purchase only in conjunction with a minimum 5-year net lease of the real estate at a mutually negotiated rent. Business only priced at $800,000.

PROPERTY FACTS

Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,237 SF
Building Class
B
Year Built
1970
Price
$2,027,760 CAD
Price Per SF
$479 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.40 AC
Zoning
MU - MU-1 Mixed Use
Parking
22 Spaces (5.19 Spaces per 1,000 SF Leased)
Frontage
89 ft on W Lake Rd

Amenities

  • Corner Lot
  • Pylon Sign
  • Signalized Intersection

PROPERTY TAXES

Parcel Number 33-023-120.0-014.00 Improvements Assessment $148,026 CAD
Land Assessment $63,005 CAD Total Assessment $211,032 CAD

PROPERTY TAXES

Parcel Number
33-023-120.0-014.00
Land Assessment
$63,005 CAD
Improvements Assessment
$148,026 CAD
Total Assessment
$211,032 CAD
 

  • Listing ID: 34213444

  • Date on Market: 2024-12-16

  • Last Updated:

  • Address: 5360 W Lake Rd, Erie, PA 16505

The Retail Property at 5360 W Lake Rd, Erie, PA 16505 is currently available for sale. Contact Passport Realty LLC for more information.

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