Commercial Condominium Controlling
For Sale
$1,400,000
2005 8 Street, Erie, PA 16505
Exceptional opportunity to acquire 10 commercial units in Erie, PA.
Property Size16,945 SF
Price / SF$82.62
Days on Market1080
Property Features for 2005 8 Street
General Information
Standard status
Active
Size
16,945 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$34,814
Amenities
Central Air, Gas
3
77 Parking Spaces.
0x0x0x0
Mineral Rights.
Building Details
Year Built
1968
Listing Agency:
(814) 452-3681
Listed By:
Glowacki Management Company
(814) 806-4180
Source:
Xome
Added: Sep 24, 2023
Changed: Sep 1
Last Checked: Sep 7 at 5:21AM
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 Glowacki Management Company
Investment Insights
Based on property information with market context.
This commercial condominium, situated along the heavily traveled 8th St. corridor, presents an opportunity for a business or investor to acquire 10 commercial units and become the controlling majority of a commercial condominium association. The property is suitable for a growing business seeking to own its space and generate income from rentable units, or for an investor aiming to control the majority of a 20,000 sq foot building. The units feature modern finishes, are well-maintained, and are move-in ready. The building provides elevator access, key FOB security, and ample parking. Its location near major highways and public transportation ensures high foot traffic and accessibility. The property includes 2 gas wells. The property size is 16945 square feet.
Key Highlights
- Controlling majority ownership of a 10‑unit commercial condominium association.
- Income potential from renting out multiple commercial units.
- Located on heavily traveled 8th St. corridor with high foot traffic.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
860
Businesses Nearby
Explore this area
Business Placement
Demographics for 16505, PA
16,437
Population
8,407
Households
2
Avg Household Size
49
Median Age
45%
College-Educated
96%
High-School Grad
11.7 sq mi
ZIP Area
1,405
Density / Sq Mi
$71,370
Median Household Income
$45,793
Median Earnings
$871
Median Rent
$196,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Exceptional opportunity to acquire 10 commercial units in Erie, PA.
Where is this office units located?
The property is located at 2005 8 Street 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: Controlling majority ownership of a 10‑unit commercial condominium association.; Income potential from renting out multiple commercial units.; Located on heavily traveled 8th St. corridor with high foot traffic.
