2626 Sigsbee StErie, PA 16508

Property Details for 2626 Sigsbee St

Year built

1968

Construction

FRAME

Lot size

0.28 AC

Property size (Sq ft)

3,377 SF

Zone code

R2

Property type

Office properties

Property subtype

Office buildings

APN

19-060-045.0-116.00

APU

19060045011600

Description

This exceptional 3,897 square foot medical office building in Erie, PA, is available for $425,000. Completely renovated in 2023, this single-story, Class B building sits on a 0.275-acre lot and boasts a modern design with spacious exam rooms, a welcoming reception area, and dedicated office spaces. Located minutes from St. Vincent Hospital, this owner-user opportunity offers convenient access for patients and staff, with ample parking. The property features updated plumbing, electrical systems, and high-speed internet connectivity, ensuring seamless operations. Fully compliant with healthcare regulations, this 100% occupied building (occupancy date 10/06/2024) presents a turnkey solution for healthcare professionals seeking a prime location and modern facilities. The property is zoned RLB and includes all essential infrastructure for a thriving medical practice. Its convenient location near St. Vincent Hospital provides excellent visibility and accessibility, fostering a strong sense of community and facilitating collaboration with other healthcare providers. This is an ideal setting for a new or expanding practice, offering both functionality and comfort for staff and patients. The property's updated interiors and contemporary finishes create a professional atmosphere that enhances the patient experience. This is a rare opportunity to acquire a fully renovated, move-in ready medical office in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $607,522

  6.5%

  $560,790

  7%

  $520,733

• Comparable approach

  Method

  Valuation

  Relative Method

  $315,885

  Geo Method

  $315,885

• Alternative Use

  Use

  Valuation

  Residential

  $695,379

  Hospitality

  $636,964

  Educational

  $529,946

  Medical

  $548,172

  Retail

  $824,361

Location Insight

City

Erie

County

Erie

State

Pennsylvania

Latitude

42.1066

Longitude

-80.0855

CBSA code

21500

CBSA name

ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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