3901 Liberty StErie, PA 16508

Property Details for 3901 Liberty St

Year built

1962

Construction

FRAME

Lot size

0.40 AC

Property size (Sq ft)

4,096 SF

Zone code

C3

Property type

Office properties

Property subtype

Office buildings

APN

18-053-007.0-312.00

APU

18053007031200

Description

This exceptional 1,560-square-foot commercial property, located at 3901 Liberty Street in Erie, Pennsylvania (zip code 16508), presents a versatile space ideal for various business needs. Situated on a 0.4-acre lot in Erie County, this industrial property offers a blend of warehouse and flex space within a single suite. The building's layout includes a shared waiting/entrance area, leading to approximately 1,560 square feet of finished office space. The interior features a reception area, five private offices, a conference room, two bathrooms, a storage room, and a kitchenette/break room, all conveniently accessed via a central hallway. Ample parking is available for both employees and clients. The property is currently available for lease at $1,500 per month, NNN, translating to $12 per square foot. This prime location offers easy access to 39th and Peach Street, providing excellent visibility and convenient transportation links. The property is classified as industrial, with land included, and is suitable for multiple tenants. This is a rare opportunity to secure a well-appointed and strategically located commercial space in Erie, Pennsylvania. The property is categorized as a warehouse, flex, and commercial space, offering flexibility for a wide range of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $736,870

  6.5%

  $680,188

  7%

  $631,603

• Comparable approach

  Method

  Valuation

  Relative Method

  $383,140

  Geo Method

  $383,140

• Alternative Use

  Use

  Valuation

  Residential

  $843,433

  Hospitality

  $772,580

  Educational

  $642,777

  Medical

  $664,884

  Retail

  $999,876

Location Insight

City

Erie

County

Erie

State

Pennsylvania

Latitude

42.094

Longitude

-80.0826

CBSA code

21500

CBSA name

ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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