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240-244 N Erie St

9,100 SF 51% Leased Retail Building Mercer, PA 16137 $800,000 ($88/SF)

Mixed Use Properties Pennsylvania Mercer 240-244 N Erie St, Mercer, PA 16137

Investment Highlights

  • Offered at $800,000, presenting a valuable investment opportunity despite high vacancy.
  • Built in 1995 with reinforced concrete, ensuring durability and structural integrity.
  • Located on 0.49 acres of land, providing space for potential expansion or additional features.
  • 9,100 square feet of single-story retail space, ideal for various commercial uses.
  • Includes 20 dedicated parking spaces, enhancing accessibility for customers and staff.
  • Zoned C (Commercial), supporting a wide range of retail and business activities.

Executive Summary

240-244 N Erie St offers a robust 9,100 square-foot retail building with reinforced concrete construction, ample parking, and substantial land area, all available for $800,000, presenting a significant investment opportunity in Mercer’s commercial zone.

Property Facts

Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,100 SF
Building Class
C
Year Built
1995
Price
$800,000
Price Per SF
$88
Percent Leased
51%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.43
Land Acres
0.49 AC
Zoning
C - Commerical
Parking
20 Spaces (2.78 Spaces per 1,000 SF Leased)
Frontage
147 FT on Erie St

Amenities

  • Pylon Sign
  • Signage
  • Signalized Intersection

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 3
  • 4,500 SF
  • Office/Retail
  • -
  • Now

Tenant pays electric and gas. Lease term negotiable depending on how much landlord improvements are required. Anchor tenant space in the shopping center.

Space Size Space Use Position Available
3 4,500 SF Office/Retail - Now

3

Size
4,500 SF
Space Use
Office/Retail
Position
-
Available
Now

3

Size 4,500 SF
Space Use Office/Retail
Position -
Available Now

Tenant pays electric and gas. Lease term negotiable depending on how much landlord improvements are required. Anchor tenant space in the shopping center.

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PROPERTY TAXES

Parcel Number 65-507417 Improvements Assessment $89,800
Land Assessment $11,700 Total Assessment $101,500

PROPERTY TAXES

Parcel Number
65-507417
Land Assessment
$11,700
Improvements Assessment
$89,800
Total Assessment
$101,500
(814) 229-8769

  • Listing ID: 5775543

  • Date on Market: 2/6/2017

  • Last Updated:

  • Address: 240-244 N Erie St, Mercer, PA 16137

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240-244 N Erie St
(814) 229-8769 x

240-244 N Erie St

Kristopher Johnson

(814) 229-8769

(814) 229-8769

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