3107 W LAKE Road Erie, PA ^$ 1,100,000

3107 W LAKE Road

^$ 1,100,000

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3107 W LAKE Road

Erie, PA, 16505

^$ 1,100,000

Bedrooms-- Baths-- Sq 8,190

Monthly Estimate*

^$ 6,773

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Commercial Property for sale in Erie, PA

for $1,100,000. This 8,190 square foot building was built in 1950 on a lot size of 0.69.

Fantastic Millcreek investment opportunity right across from the Waldameer amusement park. Owners have done most of the heavy lifting with renovating many of the rooms, updates to pool, and online integration, making this the prime time for the right operator to take this motel to the next level. Currently renting rooms as extended stay during the off season, with a loyal nightly customer base that comes in the summer months year after year. This could also be a perfect property to turn into a senior care facility, or similar communal housing operation with all rooms being on ground level.

Commercial Active

Price

^$ 1,100,000

Property Type

Commercial

Taxes

^$ 14,379

Style

Lot Size

0.69

Year Built

1950

Town/City

Erie

County/Region

Erie

MLS | Web ID

189707

Features

General

Sewer Public Sewer

Possession Close Of Escrow

Construction Materials Block Vinyl Siding

Security Deposit 25000

Township Millcreek Township

Property Subtype Commercial

Tax Year 2026

County Erie

Property Type Commercial Sale

Status Active

Directions From Peninsula Dr heading north turn left onto w lake rd at the Sheetz. Property sits on the south side of w lake rd right across from Waldameer.

City Millcreek

Zoning Description R-C

MLS Area 5 - Millcreek N of W26

Lot Size Units Acres

Tax Annual Amount 14379

Standard Status Active

Tax Assessed Value 504800

Heating Multi-Fuel

Cooling Window Unit(s)

High School District Millcreek

Middle/Junior School District Millcreek

Elementary School District Millcreek

Year Built 1950

Year Built Details Actual

Property Condition Resale

Gross Income 290000

Interior

Air Conditioning Y/N true

Heating Y/N true

Exterior

Water Source Public

Lot Size Area 0.69

Building Area Total 8190

Lot Dimensions 0x0x0x0

Lot Size Acres 0.69

Total Parking 33

* Excluded Features

List By

Re/Max Lakeland Realty - Erie

Broker

brandonpenn89@gmail.com

Affordability Calculator

$7,971

Per Month

Monthly Principal & Interest: $6,773
Monthly Property Taxes: $1,198
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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.

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Nearby

Trends
Schools

Commerical listings in Erie, PA

Average List Price ^$658,563

Percent of Sale Price 40%

About Erie, PA

98,207 Population

-5% Since 2002

^$35,437 Median Income

35.3 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2358936 Elementary School

2358943 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/21/2026	$1,100,000		Listed Price

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3107 W LAKE Road, Erie, PA, 16505 is a Commercial Property for sale at $1,100,000 with 8,190 sqft and a lot size of 0.69. 3107 W LAKE Road was built in 1950. 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 6.25% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Erie Board of Realtors.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Erie Board of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 2/22/2026.

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3107 W LAKE Road

Commercial Property for sale in Erie, PA

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