961 63rd E 10th St Erie, PA 16503
This exceptional commercial property at 961 E 10TH Street, Erie, PA, presents a unique investment opportunity. Spanning 3,700 square feet on a 0.61-acre lot, this property offers diverse usage potential. The sale includes most existing equipment, adding significant value to the acquisition. A key feature is a 1,300 square foot service garage, ideal for various automotive or repair-related businesses. Additionally, a 2,400 square foot, four-bay car wash is present, though currently not in operation. This offers a significant upside for a buyer looking to restore this service and capitalize on its potential. The property comprises three parcels (15-020-044.0-206.00 & 207.00), with taxes, assessed values, and acreage reflecting the combined total. Underground storage tanks have been removed from the site, simplifying future operations. Two exterior vacuums are also included in the sale, further enhancing the property's value and potential applications. This property is priced competitively at $249,900 and presents a compelling opportunity for a savvy investor or business owner seeking a versatile and well-located commercial space in Erie, Pennsylvania.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Erie, PACosts & 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.