10 E 4th Street
Erie,
PA
16507
Property Details
List Price: |
$7,200,000 |
Beds: |
85 |
Baths: |
-- |
Status: |
Pending |
SqFt: |
78771 |
Agency: |
Agresti Real Estate |
Description/Comments
Lot Size: |
2 acre(s) |
Property Type: |
Residential |
Year Built: |
1895 |
Notes: |
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! |
MlsNumber: |
173787 |
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Listing Provided By: |
Agresti Real Estate, original listing |
Name: |
Agresti Real Estate |
Phone: |
(814) 459-9400 |
Office Name: |
Agresti Real Estate |
Office Phone: |
(814) 459-9400 |
Agent Name: |
Jake Scheloske |
Disclaimer: |
Copyright © 2024 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |