818 State Street Listing Details & Market Data

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.4-Unit investment property in the heart of downtown Erie. 30,785± SF building, ADA compliant with elevator service & 32+ space private parking garage. 24,328± SF gross leasable area. Dollar General occupies 12,805± SF first floor. 5,836± SF second floor finished office space with 270± SF first floor lobby. Ready to develop 3,297± SF first floor space facing W. 9th Street & 2,120± SF second floor space. Wet sprinkler system available. Situated on 2 parcels totaling 0.43± acres zoned C-3, Central Commercial District. 2023 property taxes: $28,102. Proforma income: $297,688. Proforma NOI: $256,359. Offered at 11.4% proforma cap rate. Floor plans available for unfinished first floor space & second floor. Contact broker for additional information.5,836± SF second floor office in the heart of downtown Erie with elevator service & private, secure parking garage. Located adjacent to the Warner Theatre & Gannon University. 270± SF first floor lobby with elevator service to second floor suite & parking garage. Views of State Street from reception with built-in desk & waiting area as well as from 2 large offices. Layout includes reception, waiting area, a total of 7 offices, 2 workstations, 2 open workspaces, conference room, breakroom with full kitchen & sliding doors to rooftop, storage room, and 3 restrooms including 1 ADA restroom. Floor plan available. Secure parking available below building in private parking garage with over 32 parking spaces. Additional 2,120± SF unfinished second floor space is available for a total of up to 7,956± SF office. Zoned C-3, Central Commercial District. Offered at $13.00/SF/YR + CAM, utilities & parking. CAM estimated at $1.70/SF/YR. Tenant pays approximately $7,149/month (rent + CAM) plus utilities & parking. Contact broker for additional information or to schedule a tour.