2702 Peach St 4 Erie, PA 16508-1825
This exceptional 2,392 square foot mixed-use building in Erie, PA, presents a unique investment opportunity. Situated on a 0.24-acre lot with excellent street visibility on Peach Street, this property boasts 123.5 feet of frontage along a high-traffic corridor averaging 21,000 vehicles daily (per PennDOT AADT 2022). The building features a paved parking lot accommodating 16-20 vehicles. The first floor comprises 1,096 square feet of fully climate-controlled office space, including a waiting area, reception area, four individual offices, and ample storage. Modern upgrades include newer windows and 9-foot ceilings. The second floor offers 1,146 square feet, currently configured as office/breakroom space, but easily adaptable into a three-bedroom, one-bathroom apartment. This area includes four offices, a kitchen, break room, restroom, and sunroom. Both a full basement and attic provide substantial additional storage. Zoned RLB (Residential Limited Business), this property is ideally suited for a variety of uses, including banks, offices, restaurants, limited retail, and medical or dental clinics. Don't miss this chance to own a versatile commercial property in a prime Erie location.
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Checks and Balances Computer Service Accounting Firm Tax Preparation
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
RLB · 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.