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    2424 23Rd St Erie, PA 16506

    Sponsored
    For Lease
    Contact for pricing

    Massive industrial space, flexible lease options.

    Lot size:
    510,910 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional industrial property, located at 2424 West 23rd Street in Erie, Pennsylvania, offers a significant opportunity for businesses seeking expansive warehouse, manufacturing, or distribution space. The property encompasses a substantial 510,910 square feet on a 27.38-acre lot, with a remarkable 371,790 square feet currently available for lease. The building, constructed in 1954 and extensively renovated in 2021, features a single story with ceiling heights ranging from 16 to 30 feet, providing ample vertical space for various operational needs. The property boasts 12 loading docks and 2 drive-in doors, ensuring efficient loading and unloading of goods. Ample parking is available with 500+ spaces. The property is zoned I-2: Heavy Industrial District, allowing for a wide range of industrial uses. The minimum leasable space is 50,000 square feet, with a maximum contiguous space of 371,790 square feet, offering flexibility to accommodate businesses of varying sizes. The property benefits from heavy power capabilities, essential for energy-intensive operations. The APN numbers are 33049194003200 and 33049194003300. This prime location in Erie, PA (zip code 16506) offers excellent access to transportation networks, making it an ideal choice for businesses seeking efficient logistics and distribution capabilities.

    Property Features for 2424 23Rd St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    510,910 SF

    Building Details

    Year Built/Renovated
    1954/2021
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    371,790 SF

    HighLights

    • 2024 Planned Renovations
    • I‑79 Freeway Access
    • Potential Dock Expansion
    • 16' - 30' Clear Ceiling Heights
    • Abundant Parking
    Property Profile Location Intelligence

    Current Use by Public Records

    Team Hardinger Warehouse Ainsworth nutrition warehouse Lodging Amazon WWE1 Warehouse General Partitions Warehouse Old Lyme Gourmet ... Corporate Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.1293934
    Latitude
    42.0958991

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    FAQs

    What type of property is this?
    Distribution property - Massive industrial space, flexible lease options.
    Where is this distribution property located?
    The property is located at 2424 23Rd St Erie, PA.
    What are key features of this property?
    This property features: 2024 Planned Renovations; I-79 Freeway Access; Potential Dock Expansion
    Request Owner's contact information
    2424 23Rd St Erie, PA 16506
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    Erie, PA 16506
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2424 23Rd St Erie, PA 16506
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