Financial
Distress signals
Property profile

117 12th St Erie, PA 16501

OFF-MARKET
Retail space
Property ID
US73-1256759
16,520 SF 0.19 ac lot Built 1923
Last sale Feb 2026 · $50,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a parcel of commercial land located in Erie, Pennsylvania, at a busy intersection in the city center. The lot area is 0.1928 acres (approximately 16,520 square feet). The site is intended for the design and construction of a new commercial building and has utilities available to support development.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$1k
Tax billed · 2023
Assessed value · 2024$34k
Assessed land$34k
Effective rate3.80%

Value estimate

· Sep 2026
$405k
$365k – $446k
AI approach$255k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$82/SF
Submarket average, outlier-cleaned · 127 recorded sales of this use type
Observed band · Q1–Q3$37 – $123

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C3
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Catering Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Catering Service8.9
Watch Repair Shop8.8
Dry Cleaner8.5

Location

117 12th St Erie, PA 16501-1907
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1128 State, Erie, PA 16501-1928 $1,100,000 May 2025 31,626 SF
711 State, Erie, PA 16501-1314 $10,200,000 Dec 2024 19,047 SF
1301 State, Erie, PA 16501-1915 $300,000 Jun 2023 11,600 SF
1710 French, Erie, PA 16501-2204 $88,000 May 2022 10,040 SF
1213 State, Erie, PA 16501-1913 $415,000 Aug 2021 11,600 SF
State St Et 22nd N Park Row, Erie, PA 16501 $2,040,147 Jan 2021 8,580 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 117 12th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
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