Property profile

1921 8th St Erie, PA 16505

OFF-MARKET
Office buildings
Property ID
US73-0087973
2,732 SF 0.15 ac lot Built 1980
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 2,732 square foot freestanding building, located at 1921 W 8th St in Erie, PA, presents a unique investment opportunity. Built in 1980 and renovated in 2019, this Class C mixed-use property sits on a 0.15-acre lot and boasts a prime location in the Presque Isle Gateway District. The property features seven office rooms (two suitable as conference rooms), a storage room, kitchenette, and a reception area with a large storefront window. Its versatile design allows for division into multiple units, thanks to additional exterior doors. The building is currently vacant and offers excellent visibility, off-street parking, and new sidewalks. Zoned RLB, this single-story structure offers ample space for a variety of businesses, making it ideal for owner-users seeking a high-traffic location. Its proximity to I-79, the Bayfront Connector, and the revitalized West Erie Plaza further enhances its appeal. The asking price is $190,000, translating to $69.55 per square foot. This represents a compelling opportunity to establish or expand a business in a thriving Erie neighborhood. The property's APN is 16-031-013.0-309.00.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1980
Construction FRAME
Total area 2,732 SF
Lot 0.15 ac (6,399 SF)
Zoning code RLB
APN 16-031-013.0-309.00
UPID US73-0087973

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1921 8th St Erie, PA 16505-4936
Erie metro Census 200 ERIE, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$130k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$90k

Owner & transaction history

since 2025
Last sale
$180,000
6 recorded transactions
2025
$180,000
2022
$178,000
2022
Price N/A
2005
$128,947
2000
$265,000
1969
Price N/A

Zoning & alternative use

RLB · Erie, PA
Zoning description

RLB Residential Limited Commercial District is primarily for residential uses, home occupations, and limited commercial uses, generally located in the developed areas along major thoroughfares or adjacent to commercial o…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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