3123 State St Erie, PA 16508
- Office buildings
- 4,732 SF
- 0.20 lot acres
Current Use by Public Records
- S A Wagner Inc / Insurance Agency
Property Details for 3123 State St
- Year built
- 1955
- Construction
- WOOD
- Lot size
- 0.20 lot acres
- Property size
- 4,732 SF
- Zone code
- RLB
- Property type
- Office buildings
- APN
- 18-050-088.0-116.00
- APU
- 18050088011600
Description
This exceptional 4,732 square foot office building in Erie, Pennsylvania, presents a fantastic investment opportunity. Situated on a highly visible 0.2-acre corner lot, the property boasts ample parking with seven spaces in a paved lot. The building features a well-designed layout, offering 2,366 square feet on the main floor and an equally sized 2,366 square foot finished lower level. The main floor includes a welcoming reception area, spacious open workspace, seven private offices, a convenient meeting room, and a fully equipped coffee bar with a sink, complemented by three restrooms. The lower level provides additional flexibility with two offices, open workspace, three storage rooms, a break room, and two more restrooms. The property's RLB zoning allows for a diverse range of uses, including office space, medical facilities, or daycare centers. Excellent signage opportunities further enhance its appeal. A floor plan is available upon request. This property offers a rare combination of size, location, and versatility, making it an ideal choice for a variety of businesses. Don't miss this chance to acquire a prime commercial property in a thriving Erie location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $360,000
- 6.5%
- $345,000
- 7%
- $345,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $345,000
- Geo Method
- $355,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $420,000
- Retail
- $405,000
- Mixed-Use
- $320,000
- Hospitality
- $365,000
- Educational
- $330,000
- Residential Income
- $410,000
- Energy
- $420,000
- Income-Based Land
- $345,000
- Food Service
- $360,000
Location Insight
- Map
- Local Demand
- City
- Erie
- County
- Erie
- State
- Pennsylvania
- Longitude
- -80.07
- Latitude
- 42.1073
- CBSA code
- 21500
- CBSA name
- ERIE, PA METROPOLITAN STATISTICAL AREA