2005 W 8Th St Erie, PA 16505
For Sale
This exceptional commercial condominium, located on Erie's heavily traveled 8th Street corridor, presents a unique investment opportunity. The property encompasses 16,945 square feet and includes ten commercial units, allowing for both owner-occupancy and rental income generation. The building, constructed in 1968, features modern finishes, is well-maintained, and is move-in ready. Amenities include elevator access, key FOB security, and ample parking. Its convenient location near major highways and public transportation ensures high foot traffic and easy accessibility. The property is zoned C-1 and boasts two gas wells. The asking price is $1,400,000. Taxes and assessed value reflect the combined total of all parcels. This is a rare chance to acquire a premium commercial property in a highly desirable Erie area. A detailed list of included spaces is available.
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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
R2 · 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.