For Sale
$200,000

2401 Peach StErie, PA 16502

Live/work warehouse, great investment!

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional owner-user opportunity presents a 3,390-square-foot Class C warehouse in Erie, Pennsylvania, situated on a 0.11-acre lot (APN: 18-050-003.0-236.00). The property, built in 1892 and renovated in 2006, features two units, each priced at $100,000, totaling an asking price of $200,000 ($59/sq ft). Currently, the occupancy is at 25%, with an occupancy date of September 28, 2023. The property boasts a convenient location between State and Peach Streets, in Erie, PA 16502, and is zoned C-4, allowing for a wide variety of uses. The warehouse includes an apartment currently rented to a long-term tenant, offering additional income potential. The apartment rent is below market value, presenting an opportunity for increased revenue. Ceiling heights vary throughout the space. Note that there are no loading docks or dock-high doors. This versatile property has served various businesses over the years and is now available for a new owner to capitalize on its potential. The property's history and flexible zoning make it an attractive investment for both owner-occupants and investors seeking a strong return.

Highlights

  • 3,390 SF Class C warehouse in Erie, PA on a 0.11-acre lot (APN: 18-050-003.0-236.00).
  • Two units, each priced at $100,000, totaling $200,000 ($59/SF).
  • 25% occupancy, occupancy date September 28, 2023.
  • Convenient location between State and Peach Streets, Erie, PA 16502, C-4 zoning.
  • Includes a rent-producing apartment with below-market rent, offering upside potential.
  • No loading docks or dock-high doors; varying ceiling heights.

Property Details for 2401 Peach St

Property type
Warehouses, Industrial properties
Square Feet
3,390 SF
Class
C
Year Built/Renovated
1892/2006
Buildings
1
Lot Size (sq. ft)
4,792 SF
Units
2

Location Insight

City
Erie
County
Erie
State
Pennsylvania
Latitude
42.113204526065
Longitude
-80.075887323926
2401 Peach St, Erie, Pennsylvania

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2401 Peach St
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