Downtown Office
For Sale
Contact for pricing
320-1611 Peach St, Erie, PA 16507
Office space in a multi-tenant elevated building with parking and window views.
Property Size994 SF
Price / SF$15
Days on Market72
Property Features for 320-1611 Peach St
General Information
Standard status
Active
Size
994 SF
Taxes and HOA fees
Annual Taxes
$575
Amenities
Excellent window views
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Glowacki Management Company
(814) 452-3681
Listed By:
Melissa Ellis
(814) 434-1546
Source:
Exprealty
Added: Aug 17
Changed: Oct 26
Last Checked: Oct 26 at 9:43PM
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 Glowacki Management Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit is located within a multi-tenant elevated building at 320-1611 Peach St in Erie, Pennsylvania. The property offers window views and access to ample parking, supporting a practical office setting for an owner-user or business operation.
Positioned in the downtown area, the unit provides an urban office location with a visible setting. The property is offered for sale, with a lease option also referenced in the listing information.
Positioned in the downtown area, the unit provides an urban office location with a visible setting. The property is offered for sale, with a lease option also referenced in the listing information.
Key Highlights
- Downtown Erie office location
- Located in a multi‑tenant elevated building
- Ample parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,018
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,360
$260.4K
Cap Rate 7%
$185,971
$186.0K
Cap Rate 9%
$144,644
$144.6K
Market Conditions
NOI Build-Up for 994 SF
Gross rent
$22.4K $22.56/SF
− Vacancy
−$5.1K −$5.10/SF
EGI
$17.4K $17.46/SF
− OpEx
−$4.3K −$4.37/SF
NOI
$13.0K $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%
$260,360
Cap Rate 7%
$185,971
Cap Rate 9%
$144,644
Alternative Uses
Best Use
Office B
$186.0K
$162.7K – $217.0K
NOI $13,018 @ 7.0% cap · market cap 87.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$246.6K
$215.8K – $287.7K
NOI $17,262 @ 7.0% cap · market cap 115.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,736
Businesses Nearby
Explore this area
Business Placement
Demographics for 16507, PA
9,429
Population
4,149
Households
2.3
Avg Household Size
31
Median Age
20%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
4,490
Density / Sq Mi
$34,474
Median Household Income
$20,833
Median Earnings
$1,016
Median Rent
$66,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Office space in a multi-tenant elevated building with parking and window views.
Where is this office unit located?
The property is located at 320-1611 Peach St Erie, PA.
What are key features of this property?
This property features: Downtown Erie office location; Located in a multi‑tenant elevated building; Ample parking available
