2401 Peach St Erie, PA 16502
- Distribution centers
- 3,390 SF
- 0.11 lot acres
Current Use by Public Records
- Distribution centers
Property Details for 2401 Peach St
- Year built
- 1892
- Lot size
- 0.11 lot acres
- Property size
- 3,390 SF
- Property type
- Distribution centers
- APN
- 18-050-003.0-236.00
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Erie
- County
- Erie
- State
- Pennsylvania
- Longitude
- -80.075887323926
- Latitude
- 42.113204526065
