Downtown Office
For Sale
Contact for pricing
325-1611 Peach St, Erie, PA 16507
Office space within a multi-tenant building offering parking and window views in downtown Erie.
Property Size1,107 SF
Price / SF$11.49
Days on Market63
Property Features for 325-1611 Peach St
General Information
Standard status
Active
Size
1,107 SF
Taxes and HOA fees
Annual Taxes
$1,487
Building Details
Tenancy
Multi
Listing Agency:
Glowacki Management Company
(814) 452-3681
Listed By:
Melissa Ellis
(814) 434-1546
Source:
Exprealty
Added: Aug 17
Changed: Oct 8
Last Checked: Oct 16 at 3:16PM
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 part of a multi-tenant elevated building in downtown Erie. The space offers window views and access to ample parking, supporting a practical setting for an office user. A lease option is also referenced in the property information.
Key Highlights
- Downtown Erie location at 325‑1611 Peach St
- Office unit within a multi‑tenant elevated building
- Ample parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,497
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,940
$289.9K
Cap Rate 7%
$207,100
$207.1K
Cap Rate 9%
$161,078
$161.1K
Market Conditions
NOI Build-Up for 1,107 SF
Gross rent
$25.0K $22.56/SF
− Vacancy
−$5.6K −$5.10/SF
EGI
$19.3K $17.46/SF
− OpEx
−$4.8K −$4.37/SF
NOI
$14.5K $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%
$289,940
Cap Rate 7%
$207,100
Cap Rate 9%
$161,078
Alternative Uses
Best Use
Office B
$207.1K
$181.2K – $241.6K
NOI $14,497 @ 7.0% cap · market cap 113.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$274.6K
$240.3K – $320.4K
NOI $19,225 @ 7.0% cap · market cap 151.14%
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
2,849
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 units - Office space within a multi-tenant building offering parking and window views in downtown Erie.
Where is this office units located?
The property is located at 325-1611 Peach St Erie, PA.
What are key features of this property?
This property features: Downtown Erie location at 325‑1611 Peach St; Office unit within a multi‑tenant elevated building; Ample parking available
