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Property profile

2709 12th St Erie, PA 16505

OFF-MARKET
Turn key restaurants
Property ID
US73-0764824
4,420 SF 0.7 ac lot Built 1972
Last sale Feb 2019 · $460,000
Individually Owned Owner of record is an individual. 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value · 2024$398k
Assessed land$138k
Assessed improvement$259k
Effective rate2.59%

Value estimate

· Oct 2026
$265k
$239k – $292k
AI approach$265k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$82/SF
Submarket average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$47 – $132

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?
RB
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.2
Bakery9.9
Laundry Service9.4

Location

2709 12th St Erie, PA 16505-4201
County assessor Recorded deeds · 2 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2600 8th, Erie, PA 16505 $185,000 Feb 2025 5,494 SF
1321 Peninsula, Erie, PA 16505-4234 $125,000 Sep 2024 3,550 SF
3737 12th, Erie, PA 16505-3504 $620,000 Sep 2024 3,472 SF
3701 9th W Lk, Erie, PA 16505 $283,000 Mar 2023 3,953 SF
3644 12th, Erie, PA 16505-3542 $225,000 Jun 2022 3,400 SF
2756 12th, Erie, PA 16505-4247 $140,000 Feb 2022 3,360 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
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