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Property profile & analytics
OFF-MARKET
Self service car washes

961 63rd E 10th St Erie, PA 16503

2,400 SF 0.48 ac lot Built 1998
Individually Owned 18-yr Hold ~ Est. High Equity
Property ID
US73-5653529
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Self service car washes
Use group CAR WASH - SELF-SERVE
Year built 1998
Construction FRAME
Total area 2,400 SF
Lot 0.48 ac (20,748 SF)
Zoning code C1
APN 15-020-044.0-207.00
UPID US73-5653529
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Ali Alharbi · 18 yrs held
Ali Alharbi
since 2007
1 recorded transaction
2007
$240,000
Zoning & alternative use
C1 · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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