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814 Kahkwa Blvd 816 Erie, PA 16505-4920

OFF-MARKET Retail space Google Maps
1,114 SF 0.07 ac lot Built 1947
Entity Owned 24-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$240k
Range $216k – $264k (±10%)
Property ID US73-0485011

Property summary

AI-generated overview

This charming commercial property, situated at 814-816 Kahkwa Boulevard in Erie, Pennsylvania, presents a fantastic opportunity for business owners seeking a well-priced space. The building boasts a total of 1,114 square feet, offering ample room for a variety of commercial uses. Its convenient location in Erie provides excellent accessibility and visibility. The property sits on a 0.07-acre lot, providing some outdoor space. Priced at $130,000, this building represents an exceptional value in the Erie commercial real estate market. The property's size and location make it ideal for a small business looking to establish a presence in a thriving community. Its affordability makes it an attractive option for entrepreneurs with limited capital. Serious inquiries are encouraged to schedule a viewing and explore the potential of this versatile commercial space. The building's current condition and potential for renovation or expansion should be assessed during a site visit. Don't miss this chance to own a piece of Erie's commercial landscape. This property is ready for its next chapter and awaits a visionary owner to bring its potential to life. Act quickly, as opportunities like this are rare.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1947
Construction WOOD
Total area 1,114 SF
Lot 0.07 ac (3,202 SF)
Zoning code RLB
APN 16-031-009.0-425.00
UPID US73-0485011

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2001
1 recorded transaction
2001
$55,000

Zoning & alternative use

RLB · Erie, PA
Zoning description

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 o…

General category INDUSTRIAL

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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