For Sale
$99,000

1502 Sassafras StErie, PA 16502

Industrial Warehouse, Erie, PA. Great Investment Potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This 48,000 square foot industrial warehouse located at 1502 Sassafras St, Erie, PA 16502, is offered for sale at $99,000. The property sits on a 0.75-acre lot and is a three-story structure built at the turn of the century. Access to the property is via Route 5, turning south onto Sassafras Street, with the building situated on the left. It's important to note significant ingress and egress challenges exist due to a lack of land on the building's south side, necessitating crossing neighboring property (subject to existing easement rights). The property is being sold strictly "as-is," requiring a cash buyer. The freight elevator is currently inoperable. Personal property and debris will remain on the premises upon sale; the property will not be "broom clean." An assessment appeal is currently pending, and the assessed value and real estate taxes reflect this. This presents a unique opportunity for an investor seeking a substantial property at a compelling price, understanding the existing challenges and conditions. The property is classified as Industrial and Commercial.

Highlights

  • $99,000 asking price.
  • 48,000 square foot warehouse on a 0.75-acre lot.
  • Located at 1502 Sassafras St, Erie, PA 16502.
  • Three-story building; requires cash purchase; sold as-is.
  • Ingress/egress challenges due to limited land; freight elevator inoperable.

Property Details for 1502 Sassafras St

Property type
Warehouses, Land
Square Feet
48,000 SF
Lot Size (sq. ft)
32,670 SF

Location Insight

City
Erie
County
Erie
State
Pennsylvania
Latitude
42.1192339
Longitude
-80.0836441
1502 Sassafras St, Erie, Pennsylvania

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1502 Sassafras St
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