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    Erie Auto Shop For Sale

    2223 STATE Street Erie, PA 16502

    2223 STATE Street, Erie, PA, 16502
    $360,000
    For Sale
    Claim this Listing
    $360,000

    COMMERCIAL - Erie, PA

    Property Size1,124 SF
    Lot Size0.15 Acres
    Price / SF$320.28
    AddedApr 14
    Days on Market93
    Last RefreshJul 15 at 1:06 pm

    Property Features for 2223 STATE Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    18-050-002.0-222.00
    Size
    1,124 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    1234
    Expense value
    4000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1949
    Building materials
    Block, VinylSiding

    Listing agent Behar Hoxha License #RS338608

    Listing office Agresti Real Estate 2635 W 26th Street, Erie, PA

    Listing date Apr 14, 2026

    MLS# 190397

    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.

    Investment Insights

    Based on property information with market context.

    This highly visible corner property in Erie, Pennsylvania, features a fully equipped mechanic shop, with the business and tools included. The property includes office space and ample parking. The site is turnkey and ready for immediate operation. It has approximately 40 feet of frontage on State Street and 165 feet on East 23rd Street. The property is situated on a lot of approximately 0.152 acres and contains approximately 1,124 square feet of space. The property is located in Erie County.

    Key Highlights

    • Fully equipped mechanic shop with business and tools included.
    • Highly visible corner property.
    • Turnkey and ready for immediate operation.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $20.2k $18.00
    − Vacancy −$2.1k −$1.89
    EGI $18.1k $16.11
    − OpEx −$5.4k −$4.83
    NOI $12.7k $11.28
    1,124 SF · lease $18.00/SF/yr · vacancy 10.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $181.1K
    $158.4K – $211.3K (±1% cap)
    NOI $12,675 @ 7.0% cap · market cap 3.52%
    Second Best
    Industrial
    $99.3K
    $86.9K – $115.9K (±1% cap)
    NOI $6,952 @ 7.0% cap · market cap 1.93%
    Theoretical Best
    Office A
    $278.9K
    $244.0K – $325.3K (±1% cap)
    NOI $19,520 @ 7.0% cap · market cap 5.42%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    state auto service ... Auto Repair Shop

    Suggested Use

    Real Estate Agency Carpet & Flooring Store (Bike/Boat/Book/etc) Store Locksmith Pet Store & Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Clothing & Fashion Store Home Appliance Store

    Zoning and permitted uses should be independently verified with local authorities.

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    Similar Off Market Nearby

    • Dave Hallman Hyundai Service Department — 2104 State St, Erie, PA 16503
    • Erie Mobile Mechanics — 2110 State St, Erie, PA 16503
    • state auto service and sales — 2223 State St, Erie, PA 16503
    • Mirza Auto Service — 251 W 19th St, Erie, PA 16502
    • Paris Auto Repair — 2226 State St, Erie, PA 16503

    FAQs

    What type of property is this?
    Auto shop - Turnkey mechanic shop with equipment, office, and parking.
    Where is this auto shop located?
    The property is located at 2223 STATE Street Erie, PA.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: Fully equipped mechanic shop with business and tools included.; Highly visible corner property.; Turnkey and ready for immediate operation.
    Contact an agent
    (814) 737-2457
    We can help!
    Contact an agent
    Behar Hoxha
    Real Estate License ID: RS338608
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