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Property profile

2051 63rd W 8th St Erie, PA 16505

OFF-MARKET
Other commercial real estate
Property ID
US73-2066779
9,707 SF 0.75 ac lot Built 1986
Last sale Jun 2019 · $525,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of two commercial office/retail condominium units configured for combined or separate use. Unit #2051 provides 1,440 square feet (24 by 60), and Unit #2053 provides 1,250 square feet (21 by 60), for a total combined area of 2,700 square feet. The most recent use of the spaces was as an optical store, and the layout is suitable for retail, office, or other professional applications. The transaction is subject to a right of first refusal, and the condominium structure allows the units to be treated as discrete commercial spaces.

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

No data for this section
What does the county charge?

No tax or assessment record is on file for this parcel in the county feed.

Value estimate

· Oct 2026
$570k
$513k – $627k
Submarket $/SF estimate$427k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$44/SF
Submarket average, outlier-cleaned · 169 recorded sales of this use type
Observed band · Q1–Q3$28 – $65
Qualifying comparables3

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?
C1
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 Facility10.9
Bakery9.6
Computer & Electronic Repair9.2

Location

2051 63rd W 8th St Erie, PA 16505
County assessor · not on file Recorded deeds · 1 transfer 3 qualifying comp sales 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Filmore, Erie, PA 16505 $50,000 May 2025 No data
4900 Lk, Erie, PA 16505 $347,268 Jul 2024 No data
Oregon, Erie, PA 16505 $425,000 May 2024 No data
2940 6th, Erie, PA 16505-3804 $2,650,000 May 2023 1,568 SF
1357 Marshall, Erie, PA 16505-3626 $50,000 Mar 2022 No data
3531 Lk, Erie, PA 16505-3664 $400,000 Oct 2020 672 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
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