10 E 4th Street Erie, PA 16507
Fantastic investment opportunity & chance to be part of the downtown revitalization in the heart of Erie! 90 units includes: 56 residential apartments, 10 hotel style apartments, 24 commercial units (office space, Tap House Bar/Restaurant Tenant, etc.). Prime location on State St near UPMC Hamot, the Bayfront/Dobbins Landing, Erie Insurance, Warner Theatre, UPMC Park, Erie Art Museum, Gannon University, high-end dining, bars & restaurants & all that Erie offers. Units are broken down into 1 & 2 BR 900 & 850 sq. ft. units; 1 BR 700 sq. ft. units w/or w/o lofts; & 450 or 400 sq. ft. efficiencies. Also, the 10 hotel style units are currently being converted into studio apartments w/ensuite baths & kitchenettes. Additionally, there are architect prints that are done & available for use to convert the commercial units into all residential apartments (appraised at $12, 000, 000 subject to renovations with a $2, 000, 000 estimated budget to accomplish). Current appraisal on hand at $7, 260, 000!
- Property TypeCommercial
- NeighborhoodN/A
- CountyErie
- Taxes$116,078
- HOA/Condo/Coop Fees$0
- Days on Site94 Days
- MLS StatusPending
- MLS ID Number173833
- Home Size Source Appraiser
- Year Built1895
- Lot Size2.15 Acres
- Full Baths84
- Partial BathsN/A
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General Features
- Construction Brick
- Parking Spaces 58
- Sewer Public Sewer
- Acreage 2.15
- Water Public
- Zoning C-1
Interior Features
- Cooling Central Air
- Heating Forced AirGas
Exterior Features
- Lot Mineral Rights
Community Features
- Township Erie
- MLS Area 1 - Erie Northeast