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Property profile & analytics
OFF-MARKET
Distribution centers

2401 Peach St Erie, PA 16502

3,390 SF 0.11 ac lot Built 1892
Property ID
US73-1811007
Property summary
AI-generated overview

This exceptional owner-user opportunity presents a 3,390-square-foot Class C warehouse in Erie, Pennsylvania, situated on a 0.11-acre lot (APN: 18-050-003.0-236.00). The property, built in 1892 and renovated in 2006, features two units, each priced at $100,000, totaling an asking price of $200,000 ($59/sq ft). Currently, the occupancy is at 25%, with an occupancy date of September 28, 2023. The property boasts a convenient location between State and Peach Streets, in Erie, PA 16502, and is zoned C-4, allowing for a wide variety of uses. The warehouse includes an apartment currently rented to a long-term tenant, offering additional income potential. The apartment rent is below market value, presenting an opportunity for increased revenue. Ceiling heights vary throughout the space. Note that there are no loading docks or dock-high doors. This versatile property has served various businesses over the years and is now available for a new owner to capitalize on its potential. The property's history and flexible zoning make it an attractive investment for both owner-occupants and investors seeking a strong return.

Property profile
Verified
Property type Distribution centers
Year built 1892
Total area 3,390 SF
Lot 0.11 ac (4,792 SF)
APN 18-050-003.0-236.00
UPID US73-1811007
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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