2230 8Th StErie, PA 16505

Property Details for 2230 8Th St

Year built

1860

Construction

WOOD

Lot size

0.71 AC

Property size (Sq ft)

9,326 SF

Zone code

AR

Property type

Investment properties

Property subtype

Live-work space

APN

33-014-043.0-029.00

APU

33014043002900

Description

This exceptional 450-square-foot Class A commercial space is situated at 2230 W 8th Street in Erie, Pennsylvania, within Erie County (zip code 16505). Located conveniently across from West Erie Plaza, this single-tenant office offers excellent visibility and signage opportunities along the bustling retail corridor of West 8th Street. The second-floor space is perfect for a variety of businesses, including offices, salons, studios, or mixed-use operations. Currently configured with three separate offices/rooms, the layout provides flexibility for diverse needs. Note that restrooms are shared with other tenants in the building. The monthly lease rate is $625, with tenants responsible for gas and electric utilities. Tenant exclusions may apply. This property presents a fantastic opportunity for businesses seeking a modern, well-located space in a thriving area of Erie. The property is categorized as Office and Land, and the building itself is a single-suite structure.

• CAP approach

  CAP return

  Valuation

  6%

  $1,677,747

  6.5%

  $1,548,689

  7%

  $1,438,068

• Comparable approach

  Method

  Valuation

  Relative Method

  $872,354

  Geo Method

  $872,354

• Alternative Use

  Use

  Valuation

  Residential

  $1,920,375

  Hospitality

  $1,759,053

  Educational

  $1,463,511

  Medical

  $1,513,844

  Retail

  $2,276,573

Location Insight

City

Erie

County

Erie

State

Pennsylvania

Latitude

42.1091

Longitude

-80.1348

CBSA code

21500

CBSA name

ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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