4026 Pine AveErie, PA 16504

Property Details for 4026 Pine Ave

Year built

1941

Construction

FRAME

Lot size

1.12 AC

Property size (Sq ft)

9,020 SF

Zone code

R1

Property type

Retail space

APN

18-053-082.0-100.00

APU

18053082010000

Description

This versatile 9,020 square foot, two-story building sits on a 1.12-acre lot at 4026 Pine Avenue in Erie, Pennsylvania. The property offers significant income potential with multiple occupancy options. The first floor comprises approximately 6,882 square feet, with 1,500 square feet currently leased. The remaining first-floor space is available for immediate occupancy, ideal for an owner-occupant or additional tenants. The second floor, approximately 2,138 square feet, is also currently occupied by a tenant. This mixed-use property is zoned for a wide variety of commercial uses, including auto sales, convenience stores, offices, daycare centers, multi-family dwellings, and drive-in businesses, providing exceptional flexibility for future development or expansion. A residential unit is currently under lease. The property's strategic location and diverse zoning make it an attractive investment opportunity with substantial upside potential. The asking price for this exceptional property is $725,000. This presents a rare chance to acquire a well-situated commercial building in a thriving Erie neighborhood. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $2,385,365

  6.5%

  $2,201,876

  7%

  $2,044,599

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,126,202

  Geo Method

  $2,126,202

• Alternative Use

  Use

  Valuation

  Residential

  $1,857,364

  Hospitality

  $1,701,336

  Educational

  $1,415,491

  Medical

  $1,464,172

  Retail

  $2,201,876

Location Insight

City

Erie

County

Erie

State

Pennsylvania

Latitude

42.1072

Longitude

-80.0442

CBSA code

21500

CBSA name

ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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