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Property profile & analytics
OFF-MARKET Estimated value $1,405,000
Retail space

7851 Peach St Erie, PA 16509-4728

12,756 SF 2.41 ac lot Built 1999
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US73-0632973
Property summary
AI-generated overview

This exceptional retail property, located at 7851 Peach Street in Erie, Pennsylvania, offers a substantial 6,909 square feet of single-tenant space currently available for lease. Situated in Erie County, this property presents a unique opportunity for businesses seeking a prominent location within a thriving commercial area. The entire building is vacant, providing a blank canvas for a new tenant to customize the space to perfectly suit their operational needs. The address is easily accessible, offering excellent visibility and convenient access for customers. With a total building size of 6,909 square feet, this property is suitable for a wide range of retail businesses requiring ample space for inventory, display, and operations. The property's location in Erie, PA, zip code 16509, provides access to a significant customer base and benefits from the area's established infrastructure and amenities. This is a single-tenant occupancy property, ensuring exclusive use and control of the entire space. The property is classified as commercial retail, making it ideal for businesses seeking a high-traffic location to establish or expand their operations. The property's size allows for flexibility in layout and design, catering to the specific requirements of the prospective tenant. This presents a rare opportunity to secure a substantial retail space in a desirable Erie location. The property is ready for immediate occupancy.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1999
Total area 12,756 SF
Lot 2.41 ac (105,110 SF)
Zoning code B1
APN 40-005-019.0-070.02
UPID US73-0632973
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sunnyside Medical Cannabis Dispensary - Erie (Bike/Boat/Book/etc) Store
  • ATM Atm
  • Sunnyside Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.57M
Blend (final) Blend
$1.41M
Owner & transaction history
Peach Street Wings INC · 3 yrs held
Peach Street Wings INC
since 2023
7 recorded transactions
2023
Price N/A
2018
Price N/A
2017
Price N/A
2017
Price N/A
2014
Price N/A
2007
$7.5M
1969
Price N/A
Zoning & alternative use
B1 · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.1M +0.3%
Restaurant $1.1M +0.3%
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