818 9th St Erie, PA 16503
This 18,825 square foot flex/warehouse building in Erie, PA, presents a unique investment opportunity for owner-users. Located at 818 E 9th St, this two-story, 1948-built property underwent renovations in 2023. The building features approximately 8,000 square feet of warehouse space, potentially subdividable into smaller units of around 2,500 square feet each. The remaining space comprises two floors of office space, including a reception area and conference room, offering flexible layout options to suit various business needs. The property sits on a 0.61-acre lot and is zoned M-1. It boasts 15-17 foot ceiling heights and has 3-phase power with 600 amps currently available, with potential for expansion. The building is currently 40% occupied, offering potential for increased rental income. The asking price is $300,000, representing $15.94 per square foot. This owner-occupied property presents a compelling opportunity to acquire a versatile industrial space with significant upside potential. The seller offers flexibility in deal structuring and timing.
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
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.