Property summary
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
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
RLB · Erie, PARLB 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…
Zoning
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Zoning designation
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The district profile from the municipal source: what is on file for RLB in Erie, PA.
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