1801 German St Erie, PA 16503-1917
This exceptional Erie, Pennsylvania industrial property, located at 1801 German St, presents a significant investment opportunity. Comprising 50,400 square feet across four units, this complex sits on a 1.24-acre lot and is zoned M-2. The property includes two loading docks for efficient material handling. Building features vary, with ceiling heights reaching 14 feet. A substantial 3,300 square feet of finished office space is included, equipped with two HVAC systems. The remaining warehouse space is unheated. The property's history dates back to 1918, reflecting a blend of character and potential. Currently utilized for warehousing diverse items including industrial equipment, boats, campers, RVs, and cars, this versatile space offers numerous possibilities for future use. The asking price is $230,000, translating to $4.56 per square foot and $57,500 per unit. Note that this property consists of three tax parcels, with an additional parcel totaling 54,000 square feet (separate tax ID 18-050-012.0-205.00). The property is also available for sale as separate parcels. This presents a unique chance to acquire a substantial industrial property in a prime Erie location.
-
Chuck's automotive repair Auto Repair Shop Vehicle Inspection Center
-
PHELPS LANDSCAPING, LLC Landscaping
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M1 · Erie, PAErie. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.