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1062 Brown Ave
Erie, PA 16502
10,250± SF Multi-Tenant Office Building · Office Property For Sale

Investment Highlights

  • 10,250 ± SF, 7+ Unit Office Building
  • Up to 5,425 ± SF Available for Owner Occupancy
  • Centrally Located & On Public Bus Route
  • $66,208 Projected NOI – Offered at a 12% Cap Rate
  • Abundant Parking in Private Lot
  • Loading Dock & Freight Elevator to Lower Level

Property Facts

Property Type
Office
Building Size
10,250 SF
Building Class
B
Year Built/Renovated
1975/1999
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,125 SF
Slab To Slab
11’
Building FAR
0.56
Lot Size
0.42 AC
Zoning
R-2 - Medium Density Residential with RLB (Residential Limited Business) uses permitted. See attached zoning document or Offering Memorandum.
Parking
35 Spaces (3.41 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Kitchen
  • Central Heating
  • Natural Light
  • Air Conditioning

About 1062 BROWN AVE , ERIE, PA 16502

10,250 ± SF multi-tenant office building. 5,125+ SF available. Completely renovated in 1999 with a mix of open office areas, private offices, conference rooms & break room. Features include loading dock, abundant parking in private lot, public utilities, fiber optic internet, new rubber roof (2001), central AC & gas forced air heat. Centrally located at a signalized intersection, on the bus route & just 1.4 miles from I-79. Situated on 4 parcels totaling 0.4262 ± acres. Zoned R-2 with RLB uses permitted. See links to 3D virtual tours for available spaces below or visit: https://my.matterport.com/show/?m=KRhgWPHKW9V (5,125 SF office suite) and https://my.matterport.com/show/?m=1Ki5Fafe36U (797 SF office suite). Contact broker for additional information or to schedule a tour.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 19-060-031.0-238.00
  • 19-060-031.0-236.00
  • 19-060-031.0-230.00
  • 19-060-031.0-235.00
Land Assessment
$44,700
Improvements Assessment
$358,230
Total Assessment
$402,930
  • Listing ID: 15641680

  • Date on Market: 4/5/2019

  • Last Updated:

  • Address: 1062 Brown Ave, Erie, PA 16502

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