463 W 8th St | Erie, PA 16502
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463 W 8th St
Erie, PA 16502
Pie in the Sky Cafe · Retail Property For Sale
Investment Highlights
- 7,538± SF 9-Unit Mixed-Use Investment Property
- 3,769± SF First Floor Available for Owner Occupancy / Development
- Apartments Generate $46,980 Proforma Annual Rent - Estimated $55,800 at Market Rate
- Current Layout with 6 Residential Units & 3 Commercial Units
- 5 of 6 Residential Units Renovated & Leased
- Overall Proforma Annual Rent $78,528 - Proforma NOI $62,988 with Upside Potential
Property Facts
Property Type
Retail
Property Subtype
Building Size
7,538 SF
Building Class
B
Year Built
1916
Percent Leased
58%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.08
Lot Size
0.16 AC
Zoning
C1 - Zoned C-1, Local Commercial District (See Offering Memorandum for list of permitted uses)
Parking
10 Spaces (1.33 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 16-030-025.0-220.00 | Improvements Assessment | $231,945 |
| Land Assessment | $17,300 | Total Assessment | $249,245 |
Property Taxes
Parcel Number
16-030-025.0-220.00
Land Assessment
$17,300
Improvements Assessment
$231,945
Total Assessment
$249,245
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