3725 W Lake Rd - Restaurant FOR SALE


Erie, PA 16505
$330,000 USD
814-460-2000
3725 W Lake Rd, Erie, PA for Sale
$330,000 USD
Restaurant - FOR SALE
1/24
null | Request Cap Rate

3725 W Lake Rd
Erie, PA 16505


HIGHLIGHTS

  • Unique Opportunity To Buy Or Lease The Famous Pittsburgh Inn Of Erie, PA
  • 1.8 Miles From Presque Isle State Park And Waldameer Amusement Park
  • 3,061± SF Turn-Key Facility With 2 Bedroom Apartment
  • 1,765± SF Main Restaurant Area With Table Seating For ±58 & Bar Seating For ±11
  • Fully Equipped Commercial Kitchen & 1,765± SF Lower-Level Storage
  • Liquor License Available - 3D Tour & Floor Plan Available

OVERVIEW

Unique opportunity to buy or lease the famous Pittsburgh Inn of Erie, PA! Located along a major thoroughfare with 11,000 average daily traffic (AADT PennDOT - 2022 Count Year). Only 1.8 miles from Presque Isle State Park and Waldameer & Water World amusement park. Be the operator of the famous, 100 year, highly established Pittsburgh Inn - known for its enjoyable family atmosphere and awesome food! 3,061± SF turn-key facility with first floor restaurant & 2 bedroom upper apartment. First floor restaurant area encompasses 1,765± SF and includes table seating for ±58, bar seating for ±11, a fully equipped commercial kitchen & 2 restrooms. The restaurant also utilizes 1,765± SF lower-level storage & additional exterior walk-in freezer. Floor plan & 3D tour available. 1,296± SF 2 bedroom, 1 bathroom upper apartment with 648± SF attic offers income or owner occupancy opportunity – currently leased at $800/month plus electric. Situated on a 0.35± acre corner lot with parking for ±30. Zoned MU-1 – Neighborhood Mixed-Use (Millcreek Township). Public utilities. Three year gross sales average - $316,803 (average 22 operating hours weekly). Upside potential with return to historical 6 days of operation at 64+ hours. Sale includes real property, business, liquor license & all business assets. Lease options available to qualified applicants. Lease rate negotiable – must be operated as the Pittsburgh Inn. Real property with turn-key business offered at $330,000. PA liquor license offered at $145,000 (liquor license cannot be purchased without real property/business). Confidentiality agreement required for full details. Contact broker for additional information or to schedule a tour.

FOR SALE DETAILS

PRICE

$330,000 USD

PRICE/SF

$108 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Pittsburgh Inn

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

MU-1

APN/PARCEL ID

33-018-084.0-001.00

ASK ABOUT THIS PROPERTY

Sherry BauerSBRE - Sherry Bauer Real Estate ServicesMore Info
814-460-2000

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Sherry BauerSBRE - Sherry Bauer Real Estate ServicesMore Info
814-460-2000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.