2716 Peach StErie, PA 16508

Property Details for 2716 Peach St

Year built

1913

Construction

FRAME

Lot size

0.13 AC

Property size (Sq ft)

2,330 SF

Zone code

RLB

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

19-060-053.0-349.00

APU

19060053034900

Description

This exceptional commercial property, located at 2716 Peach Street in Erie, Pennsylvania, presents a unique investment opportunity. The 2,400 square foot building boasts a beautiful Victorian brick exterior and is situated on a 0.13-acre lot. Its prime location at the intersection of Peach Street and 29th Street offers excellent visibility and accessibility. The property is zoned RLB (Business) and includes eight designated off-street parking spaces, ensuring ample parking for clients and employees. Accessibility features include handicap accessibility. The interior features five bedrooms and two full bathrooms, offering versatile space for a variety of commercial uses. Recent upgrades include a newer furnace, central air conditioning system, and hot water tank, minimizing immediate maintenance needs. The sale also includes existing commercial signage, providing immediate branding opportunities for the new owner. This property is ready for immediate occupancy and presents a rare chance to acquire a well-maintained, historically significant building in a thriving Erie business district. The property's zip code is 16508, and it is located in Erie County.

• CAP approach

  CAP return

  Valuation

  6%

  $419,167

  6.5%

  $386,923

  7%

  $359,286

• Comparable approach

  Method

  Valuation

  Relative Method

  $217,948

  Geo Method

  $217,948

• Alternative Use

  Use

  Valuation

  Residential

  $479,785

  Hospitality

  $439,480

  Educational

  $365,642

  Medical

  $378,217

  Retail

  $568,777

Location Insight

City

Erie

County

Erie

State

Pennsylvania

Latitude

42.1083

Longitude

-80.0763

CBSA code

21500

CBSA name

ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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