Technical
Financial
Distress signals
Property profile

363 8th St Erie, PA 16502

OFF-MARKET
Bars & Pubs
Property ID
US73-5756956
2,088 SF 0.06 ac lot Built 1878
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1878
Construction WOOD
Total area 2,088 SF
Lot 0.06 ac (2,640 SF)
Zoning code C1
APN 16-030-020.0-220.00
UPID US73-5756956

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

363 8th St Erie, PA 16502-1476
Erie metro Census 902 ERIE, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$65k

Owner & transaction history

since 2020
Last sale
$70,000
5 recorded transactions
2021
Price N/A
2020
$70,000
2009
$111,900
2005
$105,000
2003
$109,000

Zoning & alternative use

C1 · Erie, PA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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