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For Sale
2310302
b4600d0b-e612-4952-830a-0c7eee604544
us/pa/erie
818 State Street
818 State Street, Erie, PA 16501
Western side of State Street at middle of block between W. 8th & W. 9th Streets by Dollar General. Frontage on both State & W. 9th Streets.
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Key features
- 4-Unit Investment Property in Downtown Erie
- 30,785± SF Two-Story Commercial Building
- ADA Compliant with Elevator Service
- 32+ Space Private Parking Garage
- 24,328± SF Gross Leasable Area
- Dollar General Leases 12,805± SF First Floor
- 5,836± SF 2nd Floor Finished Office Space with 270± SF First Floor Lobby
- 3,297± SF Unfinished 1st Floor Space on W. 9th Street
- 2,120± SF Unfinished Second Floor Space
- Wet Sprinkler System Available
- Situated on 2 Parcels Totaling 0.4356± Acres
- Zoned C-3, Central Commercial District
- 2022-2023 Property Taxes: $27,765.89
- Proforma Total Income: $320,398
- Proforma Net Operating Income: $279,405
- Offered at a 10.75% Proforma Cap Rate
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Contacts
Sherry Bauer
SBRE - Sherry Bauer Real Estate
(814) 453-2000
Building Details
- For Sale $2,600,000
- Property Type Office - General Office
- Property Size 30,785 SF
- Lot Size 0.44 Acre
- Parking Spaces Avail. 32
- Property Tenancy Multi-Tenant
- Building Class C
- Year Built 1900
- Date Updated Feb 27, 2023
Getting Around
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Walk Score ®
Walker's Paradise (92) -
Transit Score ®
Some Transit (49) -
Bike Score ®
Bikeable (52)
Powered by Walk Score ®
Location
- City Erie, PA
- Zip Code 16501
Points of Interest
Transportation
Erie
0.44 miles
Erie Zoo Train Station
2.05 miles
Fuel station
Sunoco
0.26 miles
Trillium
0.43 miles
Shell
0.56 miles
Citgo
0.57 miles
Citgo
0.70 miles
Citgo
1.14 miles
Citgo
1.27 miles
Citgo
1.28 miles
Kwik Fill
1.45 miles
Citgo
1.72 miles
Parking
PNC Bank Parking Garage
0.09 miles
Gannon University Parking Garage
0.10 miles
East 8th & French Parking Garage
0.12 miles
Erie Parking Garage
0.13 miles
East Erie Parking Garage
0.16 miles
East 8th Street Parking Garage
0.18 miles
Erie Insurance Parking Garage
0.20 miles
Harborview Apartments Parking Garage
0.32 miles
East 4th & French Parking Garage
0.33 miles
Erie Insurance Parking Garage
0.37 miles
Car rental and maintenance
Denny's Touchless Auto Wash
0.53 miles
Nancy Clark's Car Wash
1.01 miles
Enterprise
1.10 miles
South Shore Limousine
1.19 miles
East Avenue Car Wash
1.27 miles
Kenny's Garage
1.79 miles
Top Notch Auto Wash
1.83 miles
WetGo Car Wash
2.02 miles
Splash & Dash Autowash
2.04 miles
Bubble Boyz Car Wash
2.08 miles
Restaurants
Like My Thai
0.04 miles
814 Chophouse
0.10 miles
Bolero
0.10 miles
Slices on French
0.13 miles
Krazy Kitchen
0.15 miles
Stevo's Pizza
0.16 miles
Gannon University Dining Services
0.16 miles
Chippers Seafood & Southern Fusion
0.17 miles
Room 33 Speakeasy
0.18 miles
Jimmy John's
0.24 miles
Stores
State Street Market
0.16 miles
Flagship City Public Market
0.25 miles
Kamana Asian Food Mart
0.33 miles
Kraus Department Store
0.50 miles
9th & Parade Market
0.53 miles
Erie Central Mall
0.56 miles
Farrell's Market
0.57 miles
UK Supermarket
0.57 miles
Larry's Central Market
0.61 miles
Ash Street Market
0.81 miles
Safety
Rite Aid
0.07 miles
Kanzius Cancer Research Foundation
0.13 miles
Erie Police Department
0.14 miles
Erie Fire Department
0.32 miles
Select Specialty Hospital
0.34 miles
UPMC Hamot
0.49 miles
Rite Aid
0.51 miles
Kalata Family Practice
0.53 miles
UPMC Outpatient Center
0.53 miles
Anesthesia Consultants of Erie
0.55 miles
Property Taxes
- Property Tax in 2022 $16,004
- Market Value* $425,800
- Assessed Value $425,800
Find more tax info, including assessment history and abatements, on CommercialEdge.
*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.
Access In-Depth Research on this Property
Interested in researching more about this property? Find in-depth data, including ownership details, transaction history, property characteristics, tenant information, local real estate market insights and more at CommercialEdge.
Contact Listing Broker
Sherry Bauer
SBRE - Sherry Bauer Real Estate
(814) 453-2000
