2401 Peach St Erie, PA 16502
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.