1040 12th St Erie, PA 16501-1527
This exceptional commercial property, located at 1040 W 12th Street in Erie, PA, presents a unique investment opportunity. The property encompasses a substantial 25,929 square feet of space, strategically situated on a 0.59-acre lot. Its prime location offers convenient access to I-79, ensuring seamless transportation and logistics. The property comprises two interconnected buildings, separated by a fire-safe door, providing flexibility for various business models. One option is to utilize the entire 25,929 square feet for a single operation, while another is to occupy one building and lease the other for supplemental income. The property boasts two overhead doors and one loading dock, facilitating efficient loading and unloading of goods. Power is abundant, with two 400-amp, 3-phase electrical service panels. Adding to its versatility, the property includes 4,847 square feet of finished office space on the second floor, accessible from the 12th Street side. This space is ideal for administrative functions or executive offices. The property's size, location, and features make it an attractive option for a wide range of businesses seeking a well-equipped and strategically located industrial space in Erie, Pennsylvania. The asking price is $590,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M2 · Erie, PACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.