2424 23Rd St Erie, PA 16506
- Warehouses
- 2,400 SF
- 26.71 lot acres
Current Use by Public Records
- Team Hardinger / Warehouse
- Ainsworth nutrition warehouse / Lodging
- Amazon WWE1 / Warehouse
- General Partitions / Warehouse
- Old Lyme Gourmet Co / Corporate Office
Property Details for 2424 23Rd St
- Year built
- 1973
- Construction
- WOOD
- Lot size
- 26.71 lot acres
- Property size
- 2,400 SF
- Zone code
- HI
- Property type
- Warehouses
- APN
- 33-049-194.0-033.00
- APU
- 33049194003300
Description
This exceptional industrial property, located at 2424 West 23rd Street in Erie, Pennsylvania, offers a significant opportunity for businesses seeking expansive warehouse, manufacturing, or distribution space. The property encompasses a substantial 510,910 square feet on a 27.38-acre lot, with a remarkable 371,790 square feet currently available for lease. The building, constructed in 1954 and extensively renovated in 2021, features a single story with ceiling heights ranging from 16 to 30 feet, providing ample vertical space for various operational needs. The property boasts 12 loading docks and 2 drive-in doors, ensuring efficient loading and unloading of goods. Ample parking is available with 500+ spaces. The property is zoned I-2: Heavy Industrial District, allowing for a wide range of industrial uses. The minimum leasable space is 50,000 square feet, with a maximum contiguous space of 371,790 square feet, offering flexibility to accommodate businesses of varying sizes. The property benefits from heavy power capabilities, essential for energy-intensive operations. The APN numbers are 33049194003200 and 33049194003300. This prime location in Erie, PA (zip code 16506) offers excellent access to transportation networks, making it an ideal choice for businesses seeking efficient logistics and distribution capabilities.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,885,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $7,310,000
- 6.5%
- $7,380,000
- 7%
- $7,280,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $6,480,000
- Geo Method
- $7,700,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,540,000
- Retail
- $6,510,000
- Mixed-Use
- $6,755,000
- Hospitality
- $6,205,000
- Educational
- $7,245,000
- Residential Income
- $6,370,000
- Energy
- $7,875,000
- Income-Based Land
- $7,225,000
- Food Service
- $7,155,000
Location Insight
- Map
- Local Demand
- City
- Erie
- County
- Erie
- State
- Pennsylvania
- Longitude
- -80.1303
- Latitude
- 42.0957
- CBSA code
- 21500
- CBSA name
- ERIE, PA METROPOLITAN STATISTICAL AREA
