4-Unit investment property in the heart of downtown Erie. 30,785 SF building, ADA compliant with elevator service & 32+ space private parking garage. 24,328 SF gross leasable area. Dollar General occupies 12,805 SF first floor. 5,836 SF second floor finished office space with 270 SF first floor lobby. Ready to develop 3,297 SF first floor space facing W. 9th Street & 2,120 SF second floor space. Wet sprinkler system available. Situated on 2 parcels totaling 0.43 acres zoned C-3, Central Commercial District. 2023 property taxes: $28,102. Proforma income: $297,688. Proforma NOI: $256,359. Offered at 11.4% proforma cap rate. Floor plans available for unfinished first floor space & second floor.
166255
Business Opportunities, Other
Erie
1900
0.4356
Acres
Public
Public Sewer
30,785
Sq. Ft.
School Information
City-Erie
Interior Features
- Security
- Fire Sprinkler System
Exterior / Lot Features
- Parking
- 32 Parking Spaces.
- Lot Dimensions
- 0x0x0x0
- Zoning
- C-3
Community Features
- Security Features
- Fire Sprinkler System
- Complex Features
- Fire Sprinkler System
Financial Considerations
16-030-005.0-204.00
$28,102
Arrows indicate 90 day trend
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