Mixed-Use Space with Open
For Sale
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2053 W 8th St, Erie, PA 16505
C-1-zoned commercial space offers office, storage, break room, restroom, window frontage, and free on-site parking.
Property Size1,260 SF
Price / SF$0.01
Days on Market134
Property Features for 2053 W 8th St
General Information
Standard status
Active
Size
1,260 SF
Taxes and HOA fees
Annual Taxes
$2,833
Listing Agency:
SBRE - Sherry Bauer Real Estate Services
(814) 453-2000
Listed By:
Amanda Bogert · License #RS320460
(814) 790-8342
Source:
Exprealty
Added: Jun 5
Changed: Oct 12
Last Checked: Oct 15 at 4:16AM
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 SBRE - Sherry Bauer Real Estate Services
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Investment Insights
Based on property information with market context.
This mixed-use commercial space at Beverly Square features a predominantly open interior complemented by a private office, break room with sink, storage room, and restroom. The premises also provide 15'8" of window frontage for storefront exposure. C-1, Local Commercial District zoning applies, with some use restrictions.
The property is positioned along a high-traffic corridor in a walkable community near Presque Isle State Park. Abundant free parking supports customer and employee access. Existing Beverly Square occupants include Ocean Nails Spa, USA Vein Clinics, Covert Escape Games, and Z32 Armory.
The property is positioned along a high-traffic corridor in a walkable community near Presque Isle State Park. Abundant free parking supports customer and employee access. Existing Beverly Square occupants include Ocean Nails Spa, USA Vein Clinics, Covert Escape Games, and Z32 Armory.
Key Highlights
- 15'8" of window frontage
- C‑1, Local Commercial District zoning
- Mostly open floor plan with office, break room, storage, and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,758
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,160
$255.2K
Cap Rate 7%
$182,257
$182.3K
Cap Rate 9%
$141,756
$141.8K
Market Conditions
NOI Build-Up for 1,260 SF
Gross rent
$22.7K $18.00/SF
− Vacancy
−$2.3K −$1.80/SF
EGI
$20.4K $16.20/SF
− OpEx
−$7.7K −$6.07/SF
NOI
$12.8K $10.13/SF
Area
Erie County, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,160
Cap Rate 7%
$182,257
Cap Rate 9%
$141,756
Alternative Uses
Best Use
Retail
$203.0K
$177.6K – $236.8K
NOI $14,209 @ 7.0% cap · market cap 109,300.00%
Second Best
Mixed Use
$182.3K
$159.5K – $212.6K
NOI $12,758 @ 7.0% cap · market cap 98,138.46%
Theoretical Best
Office A
$312.6K
$273.5K – $364.7K
NOI $21,882 @ 7.0% cap · market cap 168,323.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
860
Businesses Nearby
116k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 27%
Home Improvements & Furnishings 4%
Beauty & Spa 2%
Chipotle Mexican Grill
Dining
14,164 visits/mo
0.3 miles
Starbucks
Dining
13,894 visits/mo
0.4 miles
Wendy's
Dining
13,707 visits/mo
0.5 miles
Moe's Southwest Grill
Dining
10,781 visits/mo
0.4 miles
Country Fair
Shops & Services
8,978 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-1-zoned commercial space offers office, storage, break room, restroom, window frontage, and free on-site parking.
Where is this mixed-use property located?
The property is located at 2053 W 8th St Erie, PA.
What are key features of this property?
This property features: 15'8" of window frontage; C‑1, Local Commercial District zoning; Mostly open floor plan with office, break room, storage, and restroom
