5360 W Lake Rd - Freestanding FOR SALE


Erie, PA 16505
$1,400,000 USD
814-454-1800
5360 W Lake Rd, Erie, PA for Sale
$1,400,000 USD
Freestanding - FOR SALE
1/12
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NEW


5360 W Lake Rd
Erie, PA 16505


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$330 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,402 SF

ZONING

MU

APN/PARCEL ID

33-023-120.0-014.00

ASK ABOUT THIS PROPERTY

Gregory RubinoPassport Realty LLCMore Info
814-454-1800

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Gregory RubinoPassport Realty LLCMore Info
814-454-1800

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