Shop, Warehouse &
648 e 26th Erie, PA 16504
648 e 26th, Erie, PA, 16504
Contact for pricing
For Sale
Contact for pricing
Includes office and shop space with two overhead doors accessed via an alley.
Property Size1,782 SF
Price / SF$61.17
Days on Market124
Property Features for 648 e 26th
General Information
- Standard status
- Active
- Size
- 1,782 SF
- Property subtype
- Retail
Listing agency
Coldwell Banker Commercial Select, REALTORS Erie
(814) 833-3331
Listed by
Bill Bucceri · License #PA
Source
Crexi
Added: Mar 21 Updated: Jul 22 at 12:35AM Checked: Jul 22 at 12:35AM
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 Coldwell Banker Commercial Select, REALTORS Erie
Investment Insights
Based on property information with market context.
This handy shop/warehouse/office property combines approximately 300 SF of office space with about 1,482 SF of shop area. Two overhead doors provide access via an alley. The building includes gas space heaters in the bath and office. There is no heat in the garage.
Located on busy E 26th St, the layout supports a mixed use configuration with separate overhead-door access for shop operations and an office component for day-to-day work.
The property will be conveyed with all building materials, and it will not be delivered “broom clean,” as noted in the remarks.
Located on busy E 26th St, the layout supports a mixed use configuration with separate overhead-door access for shop operations and an office component for day-to-day work.
The property will be conveyed with all building materials, and it will not be delivered “broom clean,” as noted in the remarks.
Key Highlights
- Handy shop/warehouse/office on busy E 26th St
- Includes 300 SF office and 1,482 SF shop space
- Two overhead doors accessed via an alley
Local Financial Insights For Flex RnD
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 | $15.8k | $8.88 |
| − Vacancy | −$886 | −$0.50 |
| EGI | $14.9k | $8.38 |
| − OpEx | −$5.2k | −$2.93 |
| NOI | $9.7k | $5.45 |
1,782 SF · lease $8.88/SF/yr · vacancy 5.60% · expense 35.00%
Alternative Uses
Best Use
Office B
$333.4K
$291.7K – $389.0K
NOI $23,337 @ 7.0% cap · market cap 21.41%
Second Best
Retail
$287.1K
$251.2K – $334.9K
NOI $20,096 @ 7.0% cap · market cap 18.44%
Theoretical Best
Office A
$442.1K
$386.8K – $515.8K
NOI $30,947 @ 7.0% cap · market cap 28.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Moss Builders
Roofing Company
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Includes office and shop space with two overhead doors accessed via an alley.
Where is this flex space located?
The property is located at 648 e 26th Erie, PA.
What is the asking price?
The asking price for this property is $109,000.
What are key features of this property?
This property features: Handy shop/warehouse/office on busy E 26th St; Includes 300 SF office and 1,482 SF shop space; Two overhead doors accessed via an alley
