Fantastic investment opportunity & chance to be part of the downtown revitalization in the heart of Erie! 90 units includes: 56 residential apartments, 10 hotel style apartments, 24 commercial units (office space, Tap House Bar/Restaurant Tenant, etc.). Prime location on State St near UPMC Hamot, the Bayfront/Dobbins Landing, Erie Insurance, Warner Theatre, UPMC Park, Erie Art Museum, Gannon University, high-end dining, bars & restaurants & all that Erie offers. Units are broken down into 1 & 2 BR 900 & 850 sq. ft. units; 1 BR 700 sq. ft. units w/or w/o lofts; & 450 or 400 sq. ft. efficiencies. Also, the 10 hotel style units are currently being converted into studio apartments w/ensuite baths & kitchenettes. Additionally, there are architect prints that are done & available for use to convert the commercial units into all residential apartments (appraised at $12,000,000 subject to renovations with a $2,000,000 estimated budget to accomplish). Current appraisal on hand at $7,260,000!
173833
Business Opportunities, Other
Erie
84 Full
1895
2.15
Acres
Public
Brick
Public Sewer
78,771
Sq. Ft.
School Information
City-Erie
Bathrooms
84
Total:84
Interior Features
- Cooling
- Central Air
- Heating
- Other. Forced Air.
Exterior / Lot Features
- Parking
- 58 Parking Spaces.
- Exterior
- Brick
- Lot Dimensions
- 0x0x0x0
- Zoning
- C-1
Financial Considerations
14-010-003.0-100.00
$116,078
Arrows indicate 90 day trend
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