208 10Th StErie, PA 16503

Property Details for 208 10Th St

Year built

1906

Lot size

0.14 AC

Property size (Sq ft)

2,779 SF

Zone code

R3

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

15-020-011.0-127.00

APU

15020011012700

Description

This versatile 2,779 square foot commercial building at 208 E 10TH Street, Erie, PA, presents a unique investment opportunity. Currently configured as a doctor's office, the property offers significant adaptability for various uses. The first floor features a spacious entry/foyer, a waiting room, reception area, and a treatment room. A full bathroom and an additional room (suitable as an office or bedroom) are also located on the first floor. A full basement and a walk-up attic provide substantial storage space. The second floor comprises a residential apartment with two bedrooms, a spacious living room, an eat-in kitchen, and a full bathroom. The property sits on a 0.14-acre lot and includes a detached, oversized two-car garage, providing ample off-street parking for approximately four to six vehicles. While some deferred maintenance is noted, the building's structure is described as very solid. This property is priced at $93,500 and offers a compelling blend of commercial and residential space with significant upside potential. Interested parties should conduct their own due diligence.

• CAP approach

  CAP return

  Valuation

  6%

  $499,942

  6.5%

  $461,485

  7%

  $428,522

• Comparable approach

  Method

  Valuation

  Relative Method

  $259,948

  Geo Method

  $259,948

• Alternative Use

  Use

  Valuation

  Residential

  $572,241

  Hospitality

  $524,170

  Educational

  $436,103

  Medical

  $451,101

  Retail

  $678,383

Location Insight

City

Erie

County

Erie

State

Pennsylvania

Latitude

42.1273

Longitude

-80.0787

CBSA code

21500

CBSA name

ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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