3901 Ridge RdErie, PA 16506

Property Details for 3901 Ridge Rd

Year built

1925

Construction

WOOD

Lot size

0.65 AC

Property size (Sq ft)

2,320 SF

Zone code

AR

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

33-054-249.0-006.00

APU

33054249000600

Description

This 960 sq ft warehouse, situated on a 0.65-acre lot at the southwest corner of West Ridge Road and Arcadia Avenue in Erie County, offers exceptional visibility and accessibility. Currently configured with three offices, a reception area, an ADA-compliant restroom, and a ramp, this adaptable space is ideal for a variety of commercial or retail uses. Zoned MU-2, it benefits from high traffic counts, with 17,000 vehicles passing daily on West Ridge Road. The property includes on-site parking for four cars and excellent signage opportunities. The lease rate is $850 per month. This single-suite building is part of a multi-tenant property and presents a unique opportunity for businesses seeking a prominent location with high traffic exposure. The building's versatile layout allows for customization to meet specific business needs. The ample parking and convenient access further enhance the property's appeal. This is a prime location for businesses seeking high visibility and convenient access in a thriving commercial area. Don't miss this chance to secure a well-positioned space in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $417,368

  6.5%

  $385,263

  7%

  $357,744

• Comparable approach

  Method

  Valuation

  Relative Method

  $217,013

  Geo Method

  $217,013

• Alternative Use

  Use

  Valuation

  Residential

  $477,726

  Hospitality

  $437,594

  Educational

  $364,073

  Medical

  $376,594

  Retail

  $566,336

Location Insight

City

Erie

County

Erie

State

Pennsylvania

Latitude

42.0794

Longitude

-80.1614

CBSA code

21500

CBSA name

ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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