3126 Peach StErie, PA 16508

Property Details for 3126 Peach St

Year built

1892

Construction

WOOD

Lot size

0.12 AC

Property size (Sq ft)

5,408 SF

Zone code

RLB

Property type

Office buildings

APN

19-061-001.0-106.00

APU

19061001010600

Description

This exceptional 5,408-square-foot, two-story office building at 3126 Peach St, Erie, PA 16508, is available for lease. Completely renovated in 2022, this Class B property boasts a desirable location with high visibility and traffic. The building features a furnished reception area, a sizable conference room, a convenient kitchenette with a coffee bar and microwave, an IT room, and ample storage. Four restrooms and a backup generator ensure functionality and peace of mind. The spacious executive office is a highlight, complete with a gas fireplace, a wet bar, an attractive wood ceiling, skylights, and a half-bath. Three additional large offices provide ample space, complemented by four multi-station workspaces and dedicated secretarial/assistant workstations. The property sits on a 0.25-acre lot and includes a paved parking lot with 20 spaces. The building was constructed in 1892 and offers a blend of historical charm and modern updates. This versatile space is suitable for various office uses, including traditional, executive, coworking, medical, and creative office settings. The asking rent is $4,000 per month, plus taxes, utilities, and insurance. APN: 19-061-001.0-106.00

• CAP approach

  CAP return

  Valuation

  6%

  $972,899

  6.5%

  $898,060

  7%

  $833,913

• Comparable approach

  Method

  Valuation

  Relative Method

  $505,864

  Geo Method

  $505,864

• Alternative Use

  Use

  Valuation

  Residential

  $1,113,595

  Hospitality

  $1,020,047

  Educational

  $848,667

  Medical

  $877,854

  Retail

  $1,320,149

Location Insight

City

Erie

County

Erie

State

Pennsylvania

Latitude

42.1043

Longitude

-80.0782

CBSA code

21500

CBSA name

ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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