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1921 W 8th St

2,732 SF Office Building Erie, PA 16505 $195,000 ($71/SF) 10.25% Cap Rate

Investment Highlights

  • Prime Location
  • Versitlity
  • Spacious Layout

Executive Summary

Prime location on W. 8th St. in the newly developed Presque Isle Gateway District. Just minutes from I-79, Bayfront Connector, and the revamped West Erie Plaza. 7 office rooms(two of which could be conference rooms), a storage room, kitchenette, and reception area with large store front window. Lots of space! The building also offers additional exterior doors allowing the space to be divided into multiple units. Clean with great visibility for your business! Off street parking and new sidewalks. Give your business the storefront you know it needs. Or make that dream business into reality with this affordable commercial space.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,732 SF
Building Class
C
Year Built
1980
Price
$195,000
Price Per SF
$71
Cap Rate
10.25%
NOI
$19,990
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,732 SF
Building FAR
0.45
Land Acres
0.14 AC
Zoning
RLB - Residential Limited Business
Parking
6 Spaces (2.2 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 2,732 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Floor 2,732 SF Office Full Build-Out Now

1st Floor

Size
2,732 SF
Space Use
Office
Condition
Full Build-Out
Available
Now
Walk Score ®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16-031-013.0-309.00
Land Assessment
$32,000
Improvements Assessment
$113,100
Total Assessment
$145,100
  • Listing ID: 29628710

  • Date on Market: 9/26/2023

  • Last Updated:

  • Address: 1921 W 8th St, Erie, PA 16505

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