Historic Mixed-Use Apartment
For Sale
Contact for pricing
Pending
100 Boston Store Place, Erie, PA 16501
Historic building offers apartments with central lobby and in-unit laundry hookups above 27,000+ square feet of first-floor commercial space.
Property SizeContact for details
Days on Market123
Property Features for 100 Boston Store Place
General Information
Standard status
Pending
Property subtype
Multifamily, Retail
Occupancy
94%
Additional Details
Multifamily Units
125
Amenities
tenant store spaces
on-site laundry facilities
elevator access
on-site parking
Building Details
Year Built
1931
Year Renovated
1997
Stories
6
Construction
brick
Listing Agency:
Triad Real Estate Partners
Listed By:
Sean Lyons · License #IL 475145639
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Aug 9 at 1:08PM
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 Triad Real Estate Partners
Investment Insights
Based on property information with market context.
Boston Store Place Apartments is a 125-unit historic building originally constructed in 1931 as The Boston Store and converted to apartments in 1997. The five-floor structure features a prominent central lobby with five floors of apartments above, plus first-floor commercial space totaling over 27,000 square feet with high ceilings. Apartment units average over 1,200 square feet and include large windows, in-unit washer/dryer hookups, and central A/C, and the property also offers tenant store spaces, on-site laundry facilities, elevator access, and on-site parking.
Located in downtown Erie, the building fronts historic State Street. It is across the street from the Wagner Theatre and one block from Perry Square Park, and within walking distance to the Erie Bayfront. Gannon University is across the street, and the property is also described as being near Jerry Uht Park and Erie Insurance Arena.
The property is a LIHTC-developed project with a restrictive covenant requiring 92 units to remain affordable for 30 years, with expiration in 2027. Of those 92 affordable units, 64 are required to be rented to tenants earning 60% or less of the Area Median Income, and 28 must be rented to tenants earning 50% or less of AMI.
Located in downtown Erie, the building fronts historic State Street. It is across the street from the Wagner Theatre and one block from Perry Square Park, and within walking distance to the Erie Bayfront. Gannon University is across the street, and the property is also described as being near Jerry Uht Park and Erie Insurance Arena.
The property is a LIHTC-developed project with a restrictive covenant requiring 92 units to remain affordable for 30 years, with expiration in 2027. Of those 92 affordable units, 64 are required to be rented to tenants earning 60% or less of the Area Median Income, and 28 must be rented to tenants earning 50% or less of AMI.
Key Highlights
- 125‑unit LIHTC historic apartment property in downtown Erie, PA; originally built as The Boston Store in 1931
- First floor includes 27,659 SF of retail space, 100% occupied
- Central lobby with five floors of apartments above; units average 1,200+ SF with high ceilings and large windows
Property Analytics
Current Use
Lease Details
125
Residential units
94%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,363
Businesses Nearby
Explore this area
Business Placement
Demographics for 16501, PA
2,241
Population
1,468
Households
1.5
Avg Household Size
48
Median Age
23%
College-Educated
85%
High-School Grad
0.7 sq mi
ZIP Area
3,201
Density / Sq Mi
$14,579
Median Household Income
$12,623
Median Earnings
$411
Median Rent
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Historic building offers apartments with central lobby and in-unit laundry hookups above 27,000+ square feet of first-floor commercial space.
Where is this apartment building located?
The property is located at 100 Boston Store Place Erie, PA.
What are key features of this property?
This property features: 125‑unit LIHTC historic apartment property in downtown Erie, PA; originally built as The Boston Store in 1931; First floor includes 27,659 SF of retail space, 100% occupied; Central lobby with five floors of apartments above; units average 1,200+ SF with high ceilings and large windows
