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    3005 12th St Erie, PA 16505-3826
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    Property profile & analytics

    3005 12th St, Erie, PA 16505-3826

    View on Map

    • Hotels
    • 6,858 SF
    • 2.03 lot acres
    Off-Market
    Last Sale Jul 20, 2022
    $612,500
    Property ID
    US73-0162058
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $635,000
    Show details
    Cap Rate Potential
    2.1%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Steelhead Inn / Hotel & Motel

    Property Details for 3005 12th St

    Year built
    1951
    Construction
    WOOD
    Lot size
    2.03 lot acres
    Zone code
    RB
    Property type
    Hotels
    Property subtype
    Motels
    APN
    33-034-172.0-004.00
    APU
    33034172000400

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 20, 2022 $612,500 Reva Hospitality LLC Bgl Capital Investments INC Warranty Deed $490k · Northwest Bank
    Jun 30, 2016 — Bgl Capital Investments INC — Deed · related $300k · Progress Fund
    Nov 6, 2015 $323,335 Bgl Capital Investments INC Paradise Lounge INC Warranty Deed · related —
    Oct 16, 2002 $325,000 Paradise Lounge INC Greenfield,elmer R & Jane I Grant Deed —
    — — Bgl Capital Investments INC — Deed Of Trust · related $300k · Progress Fund
    — — Paradise Lounge INC — Deed Of Trust · related $10k · Pnc Bank

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $680,000
      ML approach
      $625,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $463,000
      Market price range: $288k - $781k
    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $540,000
      Current use
      RESTAURANT
      $605,000
      Change: +12% Conversion: Difficult
      OFFICE BUILDING
      $565,000
      Change: +5% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $555,000
      Change: +3% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $520,000
      Change: -3% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $510,000
      Change: -5% Conversion: Difficult
      RETAIL STORES
      $435,000
      Change: -19% Conversion: Difficult
      MEDICAL BUILDING
      $430,000
      Change: -20% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.1483
    Latitude
    42.098
    CBSA code
    21500
    CBSA name
    ERIE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,264
    $176,900
    $258,588
    $435,488
    -
    $176,900
    $258,588
    $435,488
    More about this property
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