317 W 6Th St Erie, PA 16507
For Sale
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Preferred Restaurants® Erie & Chautauqua Restaurant
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 or manufacturing districts. 202.3. Commercial districts. Districts designated for commercial use are more restrictive in outlying residential…
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, 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 or manufacturing districts. 202.3. Commercial districts. Districts designated for commercial use are more restrictive in outlying residential areas. Compact districts for commercial uses can be served better with fire protection, police protection and other public services than scattered individual uses or mixed development. Most manufacturing uses are excluded in order to minimize truck and rail traffic especially in primarily residential areas. However, research laboratories and certain light manufacturing uses are permitted if they are of such a nature that they do not cause any hazards and if they meet specific requirements set forth in this Ordinance. The specific purpose of each of the commercial districts are as follows: (a) C-1 Local Commercial Districts are for small-scale retail shopping facilities, and other small-scale business uses in locations where they can offer goods and services to nearby residents conveniently without adversely affecting residential properties. (b) C-2 General Commercial Districts are for all retail establishments without a size restriction, which normally occur within shopping centers. Also included in this district are automobile-oriented businesses and services and other corporate and commercial activities. (c)
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.
