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    1611 Peach St Erie, PA 16501

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    For Sale
    Contact for pricing

    Prime Downtown Erie Office, 1141 SF

    Property size:
    1,141 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,141 square foot office space is ideally situated in downtown Erie, Pennsylvania, at 1611 Peach Street, Unit #275. Located in a multi-tenant building constructed in 1962, this property offers a highly visible location perfect for establishing a strong business presence. The space is available for lease under a gross lease agreement, with an asking price of $17,115, translating to $15 per square foot. The building boasts four stories and provides ample parking with 50 spaces available for tenants and their clients. The unit itself benefits from excellent natural light and window views, creating a bright and inviting workspace. This versatile space is suitable for a variety of office uses, including executive, medical, and traditional office settings. The property is zoned C-2, allowing for a range of commercial activities. The building's elevated position ensures easy accessibility and visibility. This is a rare opportunity to secure a well-located, functional office space in a thriving downtown area, providing a solid foundation for business growth and success. The property's address is 1611 Peach St, Erie, PA 16501, and the APN is 16-030-001.1-275.00. Don't miss this chance to secure your ideal office space.

    Property Features for 1611 Peach St

    General Information

    Property type
    Medical offices
    Square Feet
    1,141 SF

    Building Details

    Year Built
    1962
    Buildings
    1
    Stories
    4
    Units
    1

    HighLights

    • $17,115 asking price for a 1,141 SF office space.
    • Gross lease, $15/SF.
    • Executive, medical, and traditional office space available.
    • Located at 1611 Peach St, Erie, PA 16501.
    • One unit in a four‑story, 1962‑built building with 50 parking spaces.
    • C‑2 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kulisek Kathleen Cosmetic Dentist Community Health Net Dentist Community Health Net ... Dental Clinic Petrasheuskaya Maryna DDS Dentist Trice William B ... Dentist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -80.078874879245
    Latitude
    42.11979143444

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    FAQs

    What type of property is this?
    Medical office - Prime Downtown Erie Office, 1141 SF
    Where is this medical office located?
    The property is located at 1611 Peach St Erie, PA.
    What is the asking price?
    The asking price for this property is $17,115.
    What are key features of this property?
    This property features: $17,115 asking price for a 1,141 SF office space.; Gross lease, $15/SF.; Executive, medical, and traditional office space available.
    Request Owner's contact information
    1611 Peach St Erie, PA 16501
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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
    1611 Peach St Erie, PA 16501
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