Entity Owned Property summary
The property is a commercial space located on East 38th Street in a high-traffic area near a local university, with an additional nearby college within driving and delivery distance. The interior comprises approximately 2,520 square feet and is currently configured and equipped for restaurant use; the space can be retrofitted for other purposes such as office or retail. The building layout allows for subdivision into smaller configurations, and restaurant equipment has been made available as part of the premises. The space is subject to NNN charges, and the property is positioned near an anchor tenant identified as District Justice Bizzarro.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Law Firm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
RLB · Erie, PARLB 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RLB in Erie, PA.
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