1903 8Th StErie, PA 16505

Property Details for 1903 8Th St

Year built

1968

Construction

FRAME

Lot size

0.22 AC

Property size (Sq ft)

2,520 SF

Zone code

RLB

Property type

Retail properties

Property subtype

Retail space

APN

16-031-013.0-305.00

APU

16031013030500

Description

This exceptional turn-key business opportunity in Erie, Pennsylvania, presents a rare chance to acquire a well-established and profitable retail operation alongside its real estate. Located at 1903 West 8th Street, this 2,520 square foot building sits on a 0.22-acre corner lot at the intersection of 8th and Delaware. The current business, Pony Express-Erie, has thrived for over 38 years, offering mailing, packing, and shipping services, along with retail sales of store supplies, greeting cards, toys, and gifts. The sale includes all equipment, fixtures, and the valuable goodwill and loyal customer base built over decades. The business boasts 100% occupancy and is currently owned by individuals seeking retirement. Financial details are available upon execution of a non-disclosure agreement. Inventory is sold separately. The real estate is not sold separately from the business. This is a unique opportunity to own a thriving business and prime commercial real estate in a desirable Erie location. The property is zoned for commercial use.

• CAP approach

  CAP return

  Valuation

  6%

  $666,421

  6.5%

  $615,158

  7%

  $571,218

• Comparable approach

  Method

  Valuation

  Relative Method

  $594,016

  Geo Method

  $594,016

• Alternative Use

  Use

  Valuation

  Residential

  $518,909

  Hospitality

  $475,318

  Educational

  $395,459

  Medical

  $409,059

  Retail

  $615,158

Location Insight

City

Erie

County

Erie

State

Pennsylvania

Latitude

42.1116

Longitude

-80.1261

CBSA code

21500

CBSA name

ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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