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Property profile & analytics
FOR SALE
Retail space

1903 W 8Th St Erie, PA 16505

2,520 SF 0.22 ac lot Built 1968
Individually Owned 23-yr Hold ~ Est. High Equity
Property ID
US73-0061943
No photos on file
For Sale
$319,000 2,520 SF
1903 W 8Th St, Erie, PA 16505
View Listing →
Property summary
AI-generated overview

This exceptional turn-key business opportunity in Erie, Pennsylvania, presents a rare chance to acquire a well-established and profitable retail operation alongside its real estate. Located at 1903 West 8th Street, this 2,520 square foot building sits on a 0.22-acre corner lot at the intersection of 8th and Delaware. The current business, Pony Express-Erie, has thrived for over 38 years, offering mailing, packing, and shipping services, along with retail sales of store supplies, greeting cards, toys, and gifts. The sale includes all equipment, fixtures, and the valuable goodwill and loyal customer base built over decades. The business boasts 100% occupancy and is currently owned by individuals seeking retirement. Financial details are available upon execution of a non-disclosure agreement. Inventory is sold separately. The real estate is not sold separately from the business. This is a unique opportunity to own a thriving business and prime commercial real estate in a desirable Erie location. The property is zoned for commercial use.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1968
Construction FRAME
Total area 2,520 SF
Lot 0.22 ac (9,601 SF)
Zoning code RLB
APN 16-031-013.0-305.00
UPID US73-0061943
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Kelso Beach Rentals Vacation Rental Real Estate Agency
  • Erie Rentals, Inc. Real Estate Agency
  • UPS Authorized Shipping Outlet Courier Service Postal Service
  • Matthew W Psillas Investigatn Law Firm Security Service
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
David F Grab · 23 yrs held
David F Grab
since 2002
4 recorded transactions
2002
$150,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
RLB · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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