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Property profile & analytics
OFF-MARKET
Warehouses

1040 12th St Erie, PA 16501-1527

19,134 SF 0.38 ac lot Built 1979
Individually Owned 16-yr Hold Free & Clear
Property ID
US73-0039089
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1979
Construction FRAME
Total area 19,134 SF
Lot 0.38 ac (16,666 SF)
Zoning code M2
APN 16-030-051.0-136.00
UPID US73-0039089
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Refurbishing Svcs I Sterilizer · 16 yrs held
Refurbishing Svcs I Sterilizer
since 2010
7 recorded transactions
2019
Price N/A
2010
Price N/A
2008
$150,000
2008
Price N/A
2007
$35,774
1969
Price N/A
1969
Price N/A
Zoning & alternative use
M2 · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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