7851 Peach StErie, PA 16509

Property Details for 7851 Peach St

Year built

1999

Lot size

2.41 AC

Property size (Sq ft)

12,756 SF

Zone code

B1

Property type

Retail space

APN

40-005-019.0-070.02

APU

40005019007002

Description

This exceptional retail property, located at 7851 Peach Street in Erie, Pennsylvania, offers a substantial 6,909 square feet of single-tenant space currently available for lease. Situated in Erie County, this property presents a unique opportunity for businesses seeking a prominent location within a thriving commercial area. The entire building is vacant, providing a blank canvas for a new tenant to customize the space to perfectly suit their operational needs. The address is easily accessible, offering excellent visibility and convenient access for customers. With a total building size of 6,909 square feet, this property is suitable for a wide range of retail businesses requiring ample space for inventory, display, and operations. The property's location in Erie, PA, zip code 16509, provides access to a significant customer base and benefits from the area's established infrastructure and amenities. This is a single-tenant occupancy property, ensuring exclusive use and control of the entire space. The property is classified as commercial retail, making it ideal for businesses seeking a high-traffic location to establish or expand their operations. The property's size allows for flexibility in layout and design, catering to the specific requirements of the prospective tenant. This presents a rare opportunity to secure a substantial retail space in a desirable Erie location. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $3,373,361

  6.5%

  $3,113,872

  7%

  $2,891,452

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,006,854

  Geo Method

  $3,006,854

• Alternative Use

  Use

  Valuation

  Residential

  $2,626,667

  Hospitality

  $2,406,013

  Educational

  $2,001,775

  Medical

  $2,070,619

  Retail

  $3,113,872

Location Insight

City

Erie

County

Erie

State

Pennsylvania

Latitude

42.0509

Longitude

-80.0818

CBSA code

21500

CBSA name

ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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