Brick Mixed-Use Property with
New
For Sale
$259,900
1925 W 8TH Street, Erie, PA 16505
CommercialSale, Erie, PA
Property Size1,552 SF
Lot Size0.15 Acres
Price / SF$167.46
Days on Market2
Property Features for 1925 W 8TH Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
RLB
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking
8
Exterior features
Fence
Fencing
Fenced
Elementary school district
City-Erie
Middle school district
City-Erie
High school district
City-Erie
Directions
Pittsburgh Avenue to West 8th Street, then east on West 8th Street to 1925 W. 8th Street. Property is on West 8th Street.
Subdivision
2 - Erie Northwest
Standard status
Active
APN
16-031-013.0-310.00
Size
1,552 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2553
Expense value
5000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
gas heat
central A/C
elevated deck with privacy fencing
basement
Building Details
Building materials
Brick
Listing Agency:
Agresti Real Estate
(814) 459-9400
Listed By:
Nicholas Marinelli · License #AB062182L
(814) 806-6300
Added: Oct 17
Changed: Oct 18
Last Checked: Oct 18 at 10:06AM
MLS# 193823
Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,552-square-foot brick mixed-use property has an updated main-floor kitchen and a second floor with refreshed flooring, light fixtures, and kitchen cabinets. The building includes central air conditioning, natural gas forced-air heat, public water and sewer, and an 802-square-foot basement. A roof replacement was completed in 2024, and upper-floor windows have been replaced. Furniture is included.
The property occupies an approximately 40-by-160-foot lot on W 8th Street in Erie. Rear parking includes an approximately 40-by-60-foot paved area, complemented by a new driveway and paved carport. An elevated deck measuring approximately 15 by 27 feet has privacy fencing. The property is zoned RLB (Residential Limited Business).
The property occupies an approximately 40-by-160-foot lot on W 8th Street in Erie. Rear parking includes an approximately 40-by-60-foot paved area, complemented by a new driveway and paved carport. An elevated deck measuring approximately 15 by 27 feet has privacy fencing. The property is zoned RLB (Residential Limited Business).
Key Highlights
- 1,552 SF brick building with an 802 SF basement
- RLB (Residential Limited Business) zoning
- Approximately 40' x 160' lot on W 8th Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,325
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,500
$406.5K
Cap Rate 7%
$290,357
$290.4K
Cap Rate 9%
$225,833
$225.8K
Market Conditions
NOI Build-Up for 1,552 SF
Gross rent
$35.0K $22.56/SF
− Vacancy
−$7.9K −$5.10/SF
EGI
$27.1K $17.46/SF
− OpEx
−$6.8K −$4.37/SF
NOI
$20.3K $13.10/SF
Area
Erie County, PA
Vacancy
22.60%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,500
Cap Rate 7%
$290,357
Cap Rate 9%
$225,833
Alternative Uses
Best Use
Office B
$290.4K
$254.1K – $338.8K
NOI $20,325 @ 7.0% cap · market cap 7.82%
Second Best
Mixed Use
$224.5K
$196.4K – $261.9K
NOI $15,714 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$385.0K
$336.9K – $449.2K
NOI $26,953 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
683
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - RLB zoning, two updated floors, and separate kitchens support a range of residential and business configurations.
Where is this mixed-use property located?
The property is located at 1925 W 8TH Street Erie, PA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 1,552 SF brick building with an 802 SF basement; RLB (Residential Limited Business) zoning; Approximately 40' x 160' lot on W 8th Street
