10 E 4TH Street
Erie, PA, 16507 $ 7,200,000
Baths84.0 Sq 78,771 Monthly Estimate*
$ 47,853
Studio
for $7,200,000 with 84 full baths. This 78,771 square foot home was built in 1895 on a lot size of 2.15.
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!
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FeaturesGeneralSewer PublicSewer
Heating ForcedAir Gas
Cooling CentralAir
Possession CloseOfEscrow SubjectToTenantRights
Construction Materials Brick Masonry
Year Built 1895
Security Deposit 200000.0
Township Erie
Property SubType Commercial
Tax Year 2024
Gross Income 900816.0
County Erie
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Pending
Directions The entire block from State St. to French St. 3rd St. to 4th St.
City Erie
View Y/N N
Senior Community Y/N N
High School District City-Erie
Zoning Description C-1
MLS Area 1 - Erie Northeast
Waterfront Y/N N
Carport Y/N N
Street Name 4TH
Property Attached Y/N N
Year Built Details Estimate
Land Lease Y/N N
Tax Annual Amount 116078.0
Home Warranty Y/N N
Property Condition Resale
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 86
Standard Status Pending
Middle/Junior School District City-Erie
Elementary School District City-Erie
Tax Assessed Value 3000000
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ExteriorLot Features MineralRights
Water Source Public
Total Parking 58.0
Lot Size Area 2.15
Spa N
Building Area Total 78771.0
Lot Dimensions 0x0x0x0
Lot Size Acres 2.15
Lot Size Units Acres
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Full Baths 84
Street Suffix Street
Electric On Property Y/N N
Total Baths 84
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* Excluded FeaturesList ByAgresti Real EstateBroker
Affordability Calculator
- Monthly Principal & Interest
- $47,853
- Monthly Property Taxes
- $9,673
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyAbout Erie, PA 98,207 Population
-5% Since 2002
$ 35,437 Median Income
35.3 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
2358928 Elementary School
2358969 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/13/2024 | $7,200,000 | | Listed Price |
10 E 4TH Street, Erie, PA, 16507 is a Pending for sale at $7,200,000 with 78,771 sqft and a lot size of 2.15. 10 E 4TH Street is a studio with 84.0 baths and was built in 1895. The property's zip code is 16507 which is in Erie, PA