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Property profile

1502 Sassafras St Erie, PA 16502

OFF-MARKET
Retail space
Property ID
US73-0012804
48,000 SF 0.75 ac lot Built 1908
Last sale Apr 2004 · $145,000
Individually Owned Owner of record is an individual. 22-yr Hold Held for 22 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This 48,000 square foot industrial warehouse located at 1502 Sassafras St, Erie, PA 16502, is offered for sale at $99,000. The property sits on a 0.75-acre lot and is a three-story structure built at the turn of the century. Access to the property is via Route 5, turning south onto Sassafras Street, with the building situated on the left. It's important to note significant ingress and egress challenges exist due to a lack of land on the building's south side, necessitating crossing…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value · 2024$176k
Assessed land$65k
Assessed improvement$111k
Effective rate3.80%

Value estimate

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$82/SF
Submarket average, outlier-cleaned · 127 recorded sales of this use type
Observed band · Q1–Q3$37 – $123

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?
M2
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency42.9
Hair Salon20.9
Spa & Massage19.7

Location

1502 Sassafras St Erie, PA 16502-1849
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2519 Peach, Erie, PA 16502-2827 $1,090,000 Jul 2025 4,950 SF
1701 Liberty, Erie, PA 16502 $600,000 Sep 2024 11,201 SF
2516 Peach, Erie, PA 16502-2836 $430,000 Sep 2024 10,518 SF
2508 Peach, Erie, PA 16502-2842 $430,000 Sep 2024 4,796 SF
402 8th, Erie, PA 16502-1386 $90,000 Sep 2024 3,862 SF
506 18th, Erie, PA 16502-1721 $520,000 Jun 2019 5,250 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
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