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Community Corrections Center
For Sale
$6,511,000

137 W 2nd St, Erie, PA 16503

The asset is identified for community corrections use.

Property Size44,834 SF
Days on Market146

Property Features for 137 W 2nd St

General Information

Standard status Active
Size 44,834 SF
Property subtype Commercial
Lease Term ± 15 Years
Net Operating Income $514,110

Building Details

Building Size 44,834 SF
Units 49
Listing Agency: Matthews Real Estate Investment Services
Listed By: Joe Nelson · License #02012421 (CA)
Source: Matthews
Added: Apr 12 Changed: Sep 3 Last Checked: Sep 4 at 2:07AM

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 Matthews Real Estate Investment Services

Investment Insights

Based on property information with market context.

This specialty property is identified as a community corrections center. The available property information also references the PA Dept. of Corrections in connection with the asset’s credit profile.

Key Highlights

  • Identified as a community corrections center
  • PA Dept. of Corrections referenced in the property information

Property Analytics

Current Use

Erie Community Correction ... State Government Office

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Hair Salon HVAC Service Nail Salon Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,241
Businesses Nearby

Demographics for 16503, PA

15,328
Population
6,375
Households
2.4
Avg Household Size
33
Median Age
12%
College-Educated
76%
High-School Grad
2.4 sq mi
ZIP Area
6,387
Density / Sq Mi
$29,108
Median Household Income
$25,679
Median Earnings
$837
Median Rent
$55,400
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Specialty property - The asset is identified for community corrections use.
Where is this specialty property located?
The property is located at 137 W 2nd St Erie, PA.
What is the asking price?
The asking price for this property is $6,511,000.
What are key features of this property?
This property features: Identified as a community corrections center; PA Dept. of Corrections referenced in the property information
More about this property
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