Automotive Repair Shop with
2527 EAST Avenue Erie, PA 16503
2527 EAST Avenue, Erie, PA, 16503
$215,000
For Sale
$215,000
COMMERCIAL - Erie, PA
Property Size1,740 SF
Lot Size0.29 Acres
Price / SF$123.56
Days on Market125
Property Features for 2527 EAST Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 25
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- 18-050-042.0-124.00
- Size
- 1,740 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4333
- 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
Building Details
- Year built
- 1964
- Building materials
- Masonry
Listing Agency
Coldwell Banker Select - Airport
(814) 838-2299
4664 W 12th St, Erie, PA
Listed by
Rose Nouri · License #RS211308L
(814) 873-6262
Added: Mar 18 Checked: Jul 20 at 12:06 am
MLS# 190019
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 automotive repair and sales property has been in operation since 1964 and is offered for sale with equipment included, including a lift and compressor. The building is approximately 1,740 square feet on a 0.289-acre lot, providing a compact setup for an automotive service-focused use.
The property is located at 2527 East Avenue in Erie, Pennsylvania (16503). The listing remarks also reference an income history tied to the site’s long-running automotive operations.
The property is located at 2527 East Avenue in Erie, Pennsylvania (16503). The listing remarks also reference an income history tied to the site’s long-running automotive operations.
Key Highlights
- Automotive repair & sales business operating since 1964
- Masonry construction with fencing on the property
- Heating: forced air with natural gas
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 | $31.3k | $18.00 |
| − Vacancy | −$3.3k | −$1.89 |
| EGI | $28.0k | $16.11 |
| − OpEx | −$8.4k | −$4.83 |
| NOI | $19.6k | $11.28 |
1,740 SF · lease $18.00/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$280.3K
$245.3K – $327.0K
NOI $19,622 @ 7.0% cap · market cap 9.13%
Second Best
Industrial
$153.7K
$134.5K – $179.4K
NOI $10,761 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$431.7K
$377.7K – $503.6K
NOI $30,218 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
BABYLON AUTO SALES ...
Car Dealership
Similar For Sale Nearby
Similar Off Market Nearby
- Nolan's Pine Avenue Auto Service LLC — 3626 Pine Ave, Erie, PA 16504
- Althof Auto Sales & Service — 2720 Parade St, Erie, PA 16504
- Cratty Tire Services — 3414 Pine Ave, Erie, PA 16504
- Valvoline Express Care — 2815 Old French Rd, Erie, PA 16504
- Extra Value Towing and Roadside Ltd — 3835 Lake Pleasant Rd, Erie, PA 16504
FAQs
What type of property is this?
Auto shop - Automotive repair and sales property includes a lift and compressor for supported service workflows.
Where is this auto shop located?
The property is located at 2527 EAST Avenue Erie, PA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Automotive repair & sales business operating since 1964; Masonry construction with fencing on the property; Heating: forced air with natural gas
