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    2225 Colonial Ave Erie, PA 16506

    Sponsored
    For Lease
    $4 SF/Yr

    Flexible warehouse/manufacturing space for lease.

    Lot size:
    149,727 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional industrial property in Erie, PA offers up to 12,101 square feet of versatile warehouse and manufacturing space for lease. Located at 2225 Colonial Ave, this single-story building is part of a larger 149,727 square foot complex situated on a 9.71-acre lot zoned I-2 (Heavy Manufacturing). The property boasts convenient access to major roadways, including proximity to I-79 (2.5 miles) and I-90 (7.3 miles), as well as a local bus route. Building features include 10 loading docks, 10 dock-high doors, and 5 drive-in doors. The space benefits from 3-phase power. Available spaces range from a minimum of 2,661 square feet to a maximum contiguous space of 12,101 square feet, with ceiling heights varying from 11'6" to 15'6". Several configurations are available, including options with private truck docks and office space (up to 192 sq ft). Building amenities include 13'5" to 15'6" ceilings in some units and 12'2" ceilings in others. The property was built in 1978 and is classified as Class C. The annual property tax is $0.20 per square foot. Tenant responsibilities include base rent plus CAM, estimated at $1.90 per square foot per year (based on 2023 figures), encompassing utilities, taxes, insurance, lawn care, and snow removal. A utility surcharge may apply depending on usage. The property's address is 2225 Colonial Ave, Erie, PA 16506, with a cross street of W. 23rd Street and APN 33-045-227.0-001.00.

    Property Features for 2225 Colonial Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    149,727 SF
    Class
    C
    Total Rate
    59266.94

    Building Details

    Year Built
    1978
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    2,661± SF Warehouse
    Size
    2,661 SF
    Rate per SF
    $6
    Space
    Suite 475
    Size
    8,989 SF
    Rate per SF
    $4
    Space
    Suite 100
    Size
    12,100 SF
    Rate per SF
    $5

    HighLights

    • Up to 12,101 square feet of warehouse/manufacturing space available for lease.
    • 2,661 square foot warehouse featuring 13'5" to 15'6" ceilings and a truck dock.
    • 8,989 square foot warehouse with a 19'3" x 11' drive‑in overhead door.
    • 12,101 square foot warehouse with 15'5" ceilings and a truck dock.
    • 3‑phase power (480V, 120/240V, 120/220V).
    • Wet sprinkler system, gas heat, and public utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Law Office of William ... Attorney Good Ideas Inc. Corporate Office BayRat Lures Store Kraus Promotional Products ... Promotional Products Supplier LiteScaping, LLC Landscape Lighting Designer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -80.165086098433
    Latitude
    42.08105354994

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    FAQs

    What type of property is this?
    Distribution property - Flexible warehouse/manufacturing space for lease.
    Where is this distribution property located?
    The property is located at 2225 Colonial Ave Erie, PA.
    What is the lease rate?
    The lease rate is $4-$6 SF/Yr.
    What are key features of this property?
    This property features: Up to 12,101 square feet of warehouse/manufacturing space available for lease.; 2,661 square foot warehouse featuring 13'5" to 15'6" ceilings and a truck dock.; 8,989 square foot warehouse with a 19'3" x 11' drive-in overhead door.
    Request Owner's contact information
    2225 Colonial Ave 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
    2225 Colonial Ave Erie, PA 16506
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