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Property profile

2716 Peach St Erie, PA 16508

OFF-MARKET
Investment properties
Property ID
US73-0661461
2,330 SF 0.13 ac lot Built 1913
Individually Owned 2-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional commercial property, located at 2716 Peach Street in Erie, Pennsylvania, presents a unique investment opportunity. The 2,400 square foot building boasts a beautiful Victorian brick exterior and is situated on a 0.13-acre lot. Its prime location at the intersection of Peach Street and 29th Street offers excellent visibility and accessibility. The property is zoned RLB (Business) and includes eight designated off-street parking spaces, ensuring ample parking for clients and employees. Accessibility features include handicap accessibility. The interior features five bedrooms and two full bathrooms, offering versatile space for a variety of commercial uses. Recent upgrades include a newer furnace, central air conditioning system, and hot water tank, minimizing immediate maintenance needs. The sale also includes existing commercial signage, providing immediate branding opportunities for the new owner. This property is ready for immediate occupancy and presents a rare chance to acquire a well-maintained, historically significant building in a thriving Erie business district. The property's zip code is 16508, and it is located in Erie County.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1913
Construction FRAME
Total area 2,330 SF
Lot 0.13 ac (5,702 SF)
Zoning code RLB
APN 19-060-053.0-349.00
UPID US73-0661461

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$150k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$150k

Owner & transaction history

since 2024
Last sale
$147,500
3 recorded transactions
2024
$147,500
2009
$123,000
1969
Price N/A

Zoning & alternative use

RLB · Erie, PA
Zoning description

RLB Residential Limited Commercial District is primarily for residential uses, home occupations, and limited commercial uses, generally located in the developed areas along major thoroughfares or adjacent to commercial o…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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