3703 Ridge Rd Erie, PA 16506
This exceptional three-story commercial building, situated at 3703 West Ridge Rd in Erie, Pennsylvania, presents a compelling investment opportunity. Built in 1927, the property boasts 3,664 square feet of space on a 0.42-acre lot and is zoned MU-2, offering versatile usage potential. The building features 14 parking spaces, a significant advantage in a high-traffic area. Currently available for sale at $360,000, this property also offers lease options at $10.05 per square foot, NNN, for 2,678 square feet of rentable space. A move-in date of November 2024 is anticipated. The strategic location on West Ridge Rd in Erie County, PA (zip code 16506) ensures high visibility and accessibility, with daily vehicle traffic exceeding 17,000. This single-tenant building presents a rare chance to acquire a well-positioned commercial property in a thriving area. The property's size and zoning provide flexibility for a variety of business ventures. Serious inquiries are encouraged to explore this promising investment or lease opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.