Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2005 8Th St Erie, PA 16505

    Sponsored
    For Sale
    $1,400,000

    Prime Erie location, 16,945 SF office condo

    Property size:
    16,945 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial condominium, located on Erie's heavily traveled 8th Street corridor, presents a unique investment opportunity. The property encompasses 16,945 square feet and includes ten commercial units, allowing for both owner-occupancy and rental income generation. The building, constructed in 1968, features modern finishes, is well-maintained, and is move-in ready. Amenities include elevator access, key FOB security, and ample parking. Its convenient location near major highways and public transportation ensures high foot traffic and easy accessibility. The property is zoned C-1 and boasts two gas wells. The asking price is $1,400,000. Taxes and assessed value reflect the combined total of all parcels. This is a rare chance to acquire a premium commercial property in a highly desirable Erie area. A detailed list of included spaces is available.

    Property Features for 2005 8Th St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    16,945 SF

    Building Details

    Year Built
    1968
    Buildings
    1
    Stories
    1
    Units
    10

    HighLights

    • Exceptional 16,945 SF commercial condo investment opportunity on Erie's 8th Street corridor.
    • Ten commercial units allow for owner‑occupancy and rental income.
    • 1968 construction with modern finishes, move‑in ready condition, and elevator access.
    • Key FOB security and ample parking.
    • Convenient location near major highways and public transportation, C‑1 zoning.
    • Includes two gas wells; asking price $1,400,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gaudenzia Erie Addiction Treatment Center A Compassionate Hart Massage ... Massage Therapist LA Portable Toilets Portable Toilet Supplier Lake Erie Psychiatry ... Mental Health Clinic The Daily Record Information Services

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.128059680987
    Latitude
    42.111221499814

    Nearby Similar for Sale

    • $899,900
      17,200 SF

      Turnkey Erie Entertainment Destination

      Fully operational bowling alley, bar, and restaurant for sale.
      3729 Mcclelland Ave, Erie, PA 16510
      View Details
    • $149,900
      4,144 SF

      Erie Multifamily Investment Opportunity

      Two buildings with potential for multi-unit conversion.
      631 Parade St, Erie, PA 16503
      View Details
    • $899,900
      17,200 SF

      Turnkey Erie Entertainment Destination

      Fully operational bowling alley, bar, and restaurant in Erie, PA.
      3729 Mcclelland Ave, Erie, PA 16510
      View Details
    • $149,900
      4,144 SF

      Erie Commercial Opportunity: Two Buildings

      Two buildings near Gannon University, Erie Insurance, and Hamot Hospital.
      631 Parade St, Erie, PA 16503
      View Details
    • $425,000
      Pending

      Route 5 Commercial Property

      Commercial property with multiple income streams in Millcreek Township.
      4845 W Lake Rd, Erie, PA 16505
      View Details
    • $425,000
      Pending

      Erie Commercial Property on Route 5

      Prime commercial property on Route 5 with income-producing units.
      4845 W Lake Rd, Erie, PA 16505
      View Details
    • $1,500,000
      Pending

      Turnkey Golf Course and Restaurant

      182+ acre golf course and restaurant with lake views.
      3730 Harbor Ridge Trl, Erie, PA 16510
      View Details
    • $3,799,900
      Pending

      72-Unit Investment Portfolio in Erie

      Cash-flowing investment opportunity with high cap rate and cash return.
      72 Unit Investment Package, Erie, PA 16502
      View Details
    • $119,900
      1,656 SF

      Erie Two-Unit Residential Property

      Well-maintained two-unit property with long-term tenants and off-street parking.
      1314 E 35Th St, Erie, PA 16504
      View Details
    • $249,900
      7,320 SF

      Versatile Commercial Space, Erie, PA

      7,320 sq ft commercial property suitable for various businesses.
      1812 Peach St, Erie, PA 16501
      View Details
    • $95,000
      2,376 SF

      Erie Investment Opportunity: Duplex

      Two 3-bedroom units, off-street parking, convenient location.
      549 E 12Th St, Erie, PA 16503
      View Details
    • $400,000
      4,874 SF

      Restaurant and Apartment in Erie

      Restaurant with apartment, fully equipped, remodeled, near Kahkwa Club.
      6116 Swanville Rd, Erie, PA 16506
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime Erie location, 16,945 SF office condo
    Where is this office property / space located?
    The property is located at 2005 8Th St Erie, PA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Exceptional 16,945 SF commercial condo investment opportunity on Erie's 8th Street corridor.; Ten commercial units allow for owner-occupancy and rental income.; 1968 construction with modern finishes, move-in ready condition, and elevator access.
    Request Owner's contact information
    2005 8Th St Erie, PA 16505
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2005 8Th St
    Erie, PA 16505
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2005 8Th St Erie, PA 16505
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.