2702 Peach StErie, PA 16508

Property Details for 2702 Peach St

Year built

1917

Construction

WOOD

Lot size

0.24 AC

Property size (Sq ft)

3,588 SF

Zone code

RLB

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

19-060-053.0-351.00

APU

19060053035100

Description

This exceptional 2,392 square foot mixed-use building in Erie, PA, presents a unique investment opportunity. Situated on a 0.24-acre lot with excellent street visibility on Peach Street, this property boasts 123.5 feet of frontage along a high-traffic corridor averaging 21,000 vehicles daily (per PennDOT AADT 2022). The building features a paved parking lot accommodating 16-20 vehicles. The first floor comprises 1,096 square feet of fully climate-controlled office space, including a waiting area, reception area, four individual offices, and ample storage. Modern upgrades include newer windows and 9-foot ceilings. The second floor offers 1,146 square feet, currently configured as office/breakroom space, but easily adaptable into a three-bedroom, one-bathroom apartment. This area includes four offices, a kitchen, break room, restroom, and sunroom. Both a full basement and attic provide substantial additional storage. Zoned RLB (Residential Limited Business), this property is ideally suited for a variety of uses, including banks, offices, restaurants, limited retail, and medical or dental clinics. Don't miss this chance to own a versatile commercial property in a prime Erie location.

• CAP approach

  CAP return

  Valuation

  6%

  $645,481

  6.5%

  $595,829

  7%

  $553,269

• Comparable approach

  Method

  Valuation

  Relative Method

  $335,622

  Geo Method

  $335,622

• Alternative Use

  Use

  Valuation

  Residential

  $738,827

  Hospitality

  $676,762

  Educational

  $563,058

  Medical

  $582,422

  Retail

  $875,868

Location Insight

City

Erie

County

Erie

State

Pennsylvania

Latitude

42.1085

Longitude

-80.0762

CBSA code

21500

CBSA name

ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@paperhouses.co and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@paperhouses.co.