COMMERCIAL REAL ESTATE AUCTION

Approximately 8,500± Square Foot Commercial Facility

Operational Gas Station, Convenience Store, and Propane Sales

10543 Old Lake Road, Lake City, PA 16423

0.33± Acre Corner Lot 

Live On-Site & Live Online Bidding

Wednesday, September 9, 2026 • 5:00 PM

Offered at public auction is this exceptional commercial property, currently home to Tudor Hook-N-Nook and operating as a gas station, convenience store, and propane sales location, featuring two operational fuel pumps beneath a covered canopy, all situated on a 0.33± acre corner lot just off Route 5 in Lake City, Pennsylvania. Strategically located between Erie, Pennsylvania, and Conneaut, Ohio, the property benefits from outstanding visibility, convenient accessibility, and increased seasonal traffic generated by the renowned Elk Creek steelhead fishery and Pennsylvania's Lake Erie shoreline.

Containing approximately 8,500± square feet, this versatile commercial facility was extensively remodeled approximately three years ago and presents in excellent condition. The property also offers ample paved parking, a large freestanding roadside sign providing excellent advertising exposure and ready for a new owner's branding, and established commercial infrastructure that is already in place for continued operation or future redevelopment.

The recently remodeled main level is immediately functional for continued commercial use. The main level features an attractive retail showroom, an established checkout area, a full commercial kitchen and food preparation area, a remodeled restroom, a private office, beverage coolers, storage space, a former overhead door along Old Lake Road that could be reopened to provide convenient main-level loading access if desired, and also features approximately 4–6 inch reinforced concrete floors suitable for forklift and truck traffic.

The finished lower level offers open commercial space with concrete floors and overhead door access from Route 5, making it ideal for warehousing, inventory storage, workshop operations, or additional commercial use.

The unfinished second level offers opportunities for future growth and expansion. Permanent stair access has not yet been installed but could be added with relative ease, allowing the next owner to customize a considerable amount of additional space to meet their needs.

This property is well suited for a variety of business or investment opportunities. With operating fuel sales, propane service, a commercial kitchen, and a flexible floor plan, it is ready for a new owner to continue the existing operation, expand the business, or adapt the property to fit their own vision

AUCTION INFORMATION

Property Address:10543 Old Lake Road
Lake City, PA 16423

Building Size: Approximately 8,500± Square Feet

Lot Size: 0.33± Acre Corner Lot

Auction Date & Time: Thursday, September 9, 2026 • 5:00 PM

Auction Format: Live On-Site & Online Simulcast Bidding

Closing: Within 60 Days

REAL ESTATE TERMS: A 10% Non-Refundable Deposit is due on the day of the auction. Balance due at closing within 60 days. A 10% Buyer's Premium applies to the purchase price.

Terms: A 10% Buyers Premium will be added to the final bid to determine the contract

purchase price. A 10% Non-Refundable Deposit, in the form of a certified check or wire

transfer payable to Cresswell Auction Service, is required on the day of the auction

(or by wire transfer within 24 hours). The property is being sold subject to seller

confirmation and in AS IS, WHERE IS condition. The balance of the purchase price

shall be due within sixty (60) days following confirmation of the sale. The auction is

subject to postponement and/or cancellation.

FUEL TANK INFORMATION: The existing in-ground fuel storage tank(s) are owned by the current property owner. The successful buyer will be responsible for completing all necessary paperwork and requirements to transfer the tank(s) out of the current owner’s name and into the appropriate new ownership/operator name following the sale.

https://georgeroman.nextlot.com/auctions

Auction Conducted by: CRESSWELL AUCTION SERVICE

In Cooperation With: GEORGE ROMAN AUCTIONEERS

Ronald Roman, Auctioneer, AU002434R

Cresswell Auction Service 

Auctioneer Don Cresswell AU2938L

 Auctioneer Blake Cresswell AA019868

Cresswellauction.com

724-456-0244

724-589-9489