Commercial Condominium Units on 8th
For Sale
$1,400,000
2005 W 8th St, Erie, PA 16505
Controlling majority of commercial condominium association on 8th St.
Property Size20,000 SF
Price / SF$70
Days on Market710
Property Features for 2005 W 8th St
General Information
Standard status
Active
Size
20,000 SF
Taxes and HOA fees
Annual Taxes
$34,814
Listing Agency:
Glowacki Management Company
(814) 452-3681
Listed By:
Garrett Shames
(814) 452-3681
Source:
Exprealty
Added: Sep 13, 2024
Changed: Aug 20
Last Checked: Aug 22 at 9:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Glowacki Management Company
Investment Insights
Based on property information with market context.
Located along the heavily traveled 8th St. Corridor, this commercial condominium offers an opportunity for a business or investor to acquire 10 commercial units and be the controlling majority of a commercial condominium association. The property is suitable for a growing business that wants to own its space and derive income from rentable units, or an investor looking to be the controlling majority of a 20,000 sq ft building. The units feature modern finishes, are well maintained, and are move-in ready. The building provides elevator access, key FOB security, and ample parking. The location is near major highways and public transportation, offering high foot traffic and accessibility. There are 2 gas wells on the property. Taxes and assessed value are a combined total of all parcels.
Key Highlights
- Controlling majority ownership of a 20,000 sq ft Commercial Condominium Association with 10 units.
- Income potential from rentable units.
- Prime location on heavily traveled 8th St. Corridor with high foot traffic.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
860
Businesses Nearby
Explore this area
Business Placement
Demographics for 16505, PA
16,437
Population
8,407
Households
2
Avg Household Size
49
Median Age
45%
College-Educated
96%
High-School Grad
11.7 sq mi
ZIP Area
1,405
Density / Sq Mi
$71,370
Median Household Income
$45,793
Median Earnings
$871
Median Rent
$196,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Controlling majority of commercial condominium association on 8th St.
Where is this office units located?
The property is located at 2005 W 8th St Erie, PA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Controlling majority ownership of a 20,000 sq ft Commercial Condominium Association with 10 units.; Income potential from rentable units.; Prime location on heavily traveled 8th St. Corridor with high foot traffic.
