2805 12Th StErie, PA 16505

Property Details for 2805 12Th St

Year built

1950

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

864 SF

Zone code

RB

Property type

Retail properties

Property subtype

Retail space

APN

33-034-176.0-016.00

APU

33034176001600

Description

This exceptional business opportunity is located at 2805 W 12TH Street, Erie, PA, in a fabulous, high-traffic area. The property boasts 432 square feet of space situated on a 0.15-acre lot, offering ample room for operations. The business is currently operational and features updated, modern equipment, ensuring a smooth transition for a new owner. A turnkey option is available for an additional cost, providing a seamless startup experience. This presents a unique chance to acquire an established business with significant potential for growth in a prime Erie location. The asking price for this turnkey opportunity is $750,000. The property's ideal location and existing infrastructure make it an attractive investment for entrepreneurs seeking a ready-to-go business venture. Serious inquiries are encouraged to explore this exceptional opportunity further. The seller is motivated and open to reasonable offers. Don't miss out on this chance to own a thriving business in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $228,487

  6.5%

  $210,911

  7%

  $195,846

• Comparable approach

  Method

  Valuation

  Relative Method

  $203,663

  Geo Method

  $203,663

• Alternative Use

  Use

  Valuation

  Residential

  $177,912

  Hospitality

  $162,966

  Educational

  $135,586

  Medical

  $140,249

  Retail

  $210,911

Location Insight

City

Erie

County

Erie

State

Pennsylvania

Latitude

42.1

Longitude

-80.1442

CBSA code

21500

CBSA name

ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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