2716 Peach St Erie, PA 16508-1825
- Investment properties
- 2,330 SF
- 0.13 lot acres
Current Use by Public Records
- Investment properties
Property Details for 2716 Peach St
- Year built
- 1913
- Construction
- FRAME
- Lot size
- 0.13 lot acres
- Property size
- 2,330 SF
- Zone code
- RLB
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 19-060-053.0-349.00
- APU
- 19060053034900
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $150,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $155,000
- 6.5%
- $135,000
- 7%
- $155,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $155,000
- Geo Method
- $140,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $160,000
- Retail
- $155,000
- Mixed-Use
- $160,000
- Hospitality
- $150,000
- Educational
- $120,000
- Residential Income
- $160,000
- Energy
- $160,000
- Income-Based Land
- $125,000
- Food Service
- $135,000
Location Insight
- Map
- Local Demand
- City
- Erie
- County
- Erie
- State
- Pennsylvania
- Longitude
- -80.0763
- Latitude
- 42.1083
- CBSA code
- 21500
- CBSA name
- ERIE, PA METROPOLITAN STATISTICAL AREA