1405 Buffalo RdErie, PA 16503

Property Details for 1405 Buffalo Rd

Year built

1998

Lot size

2.30 AC

Property size (Sq ft)

10,200 SF

Zone code

C3

Property type

Retail properties

Property subtype

Retail space

APN

18-051-007.0-105.00

APU

18051007010500

Description

This exceptional commercial property, located at 1405 Buffalo Rd, Erie, PA 16503, presents a unique investment opportunity. The 2.29-acre lot boasts a high-visibility location at the intersection of Buffalo Road, Broad Street, and Kilpatrick Avenue, ensuring significant foot and vehicle traffic. The existing structure, a former CVS Pharmacy, offers a substantial 10,200 square feet of versatile space suitable for a wide range of commercial uses. The building's prominent position and ample size make it ideal for redevelopment or repurposing to meet diverse business needs. The asking price for this prime Erie County retail property is $850,000. This property is zoned for commercial use and offers significant potential for growth and return on investment. Its strategic location and substantial size make it an attractive option for entrepreneurs and investors seeking a high-impact commercial presence in a thriving area. The property's history as a successful pharmacy demonstrates its established viability and potential for continued success under new ownership. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial real estate offering.

• CAP approach

  CAP return

  Valuation

  6%

  $2,697,420

  6.5%

  $2,489,926

  7%

  $2,312,074

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,404,352

  Geo Method

  $2,404,352

• Alternative Use

  Use

  Valuation

  Residential

  $2,100,346

  Hospitality

  $1,923,905

  Educational

  $1,600,666

  Medical

  $1,655,716

  Retail

  $2,489,926

Location Insight

City

Erie

County

Erie

State

Pennsylvania

Latitude

42.1279

Longitude

-80.0439

CBSA code

21500

CBSA name

ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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