5512 W Lake Road

Erie, PA
$ 299,000 Beds 0 Baths 11 Sq 5,156
Monthly Estimate* How much can I afford?

Small 11 unit, well established, profitable motel, with a large customer base who enjoys the recreational fishing opportunities of the nearby Lake Erie boat launch and marina. Motel has many recent renovations including new roof and parking area. Former owner's apartment currently used as a room rental. non-disclosure agreement required!

Pending

  • Price
  • $ 299,000
  • Lot Size
  • 1.21 Acres
  • Bedrooms
  • 0
  • Sqr Footage
  • 5,156
  • Full Bathrooms
  • 11
  • Year Built
  • 1963
  • Half Bathrooms
  • 0
  • City, Zip
  • Erie
  • Taxes
  • $ 4495
  • County
  • ERIE
  • Style
  • Commercial
  • Area
  • Millcreek Township
  • MLS#
  • 160330
  • Zip
  • 16505
Listing Provided by: Howard Hanna Erie Airport
Data Source: Greater Erie MLS (GEMLS) - 452 - PA

Features

General

Co-Listing Agent State License # RS327192
Construction Materials Mixed
Elementary School District Millcreek
Heating Forced Air
High School District Millcreek
Listing Agent State License RS146425A
MLS Area 5 - Millcreek N of W26
Middle/Junior School District Millcreek
Property SubType Commercial
Property Type Commercial Sale
Sewer Public Sewer
Status Pending
Township Millcreek Township
Zoning C-3
Zoning Description B-2

Interior Features

Full Baths 11
Heating Y/N Yes
Living Area 5156
Total Baths 11

Exterior Features

Lot Dimensions 0x0x0x0
Lot Size Acres 1.21
Lot Size Area 1.21
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Erie, PA office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

10/1/2021 Listed $299,000

Property vs Zip Code Average in 16505

Price
AVG $280K
$300K
Taxes
AVG $5,809
$4,495
Year Built
AVG 1950
1963
Walkscore
AVG 32
23
Data Provided by Walkscore ® not using MLS data

Map

5512 W Lake Road Erie, PA is a Single Family Home for sale at $299000 with 5156 sqft and a lot size of 1.21 Acres Acre(s). 5512 W Lake Road Erie has 0 bedrooms, 11 baths and was built in 1963. The property's zip code is 16505 which is in Erie, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.