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    OFF-MARKET
    Commercial real estate

    8388 Peach St, Erie, PA 16509

    7.47 ac lot
    Property ID
    US73-2673762
    Property summary
    AI-generated overview

    This exceptional 7.47-acre commercial land parcel presents a unique investment opportunity in Erie, Pennsylvania. Located at 8388 Peach Street, this property boasts an excellent location on upper Peach Street, directly adjacent to Bianchi Honda. The site includes a former residential structure currently used primarily as office space, offering immediate potential for various commercial uses. A substantial outbuilding, measuring 1,929 square feet, provides additional space and versatility. The property extends westerly to Waterview Lane, providing convenient access to this thoroughfare. The existing Commercial-Local zoning allows for a wide range of development possibilities, making this an ideal site for businesses seeking high visibility and convenient access. The property's APN is 40-016-072.0-031.00 & -032.00, and the asking price is $429,000. This is a rare opportunity to acquire a significant commercial land parcel in a thriving Erie location. The usable area extends to Waterview Lane, offering multiple access points and enhancing its development potential. This property is being offered for sale by owner.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 7.47 ac (325,393 SF)
    APN 40-016-072.0-031.00 & -032.00
    UPID US73-2673762
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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