363 8th St Erie, PA 16502-1476
This exceptional 1,392 square foot free-standing building presents a unique investment opportunity in Erie, Pennsylvania's vibrant West Bayfront District. Situated at the highly visible corner of West 8th and Chestnut Streets, this two-story property offers 696 square feet per floor. Built in 1878, the building is conveniently located just half a block from Gannon University and within easy walking distance of Erie's thriving business and arts districts. Currently vacant, this space will be delivered as an ADA-compliant "white box," allowing for tenant improvements to lighting and flooring. The property sits on a 0.061-acre lot and is zoned C-1, Local Commercial, providing flexibility for a variety of uses including office, retail, or restaurant space. However, skilled gaming and smoke shops are not permitted. The annual lease rate is $12.50 per square foot, NNN. Property taxes are $1.61 per square foot. The building has no elevators. The APN is 16-030-020.0-220.00, and the Erie County location offers excellent access to major transportation routes. This is an ideal opportunity for a business seeking a prominent location with high visibility and significant potential.
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
C1 · Erie, PAErie. Always verify with local authorities before improvements.
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.