8388 Peach St, Erie, PA 16509
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.