Erie, KS Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Erie, Kansas Market population: 98K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....

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📊 Avg Property Tax Rate For Erie PA Properties: 3.9500%

⭐ Featured

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

$6,500,000

Buffalo Multifamily

Discover a compelling investment in Buffaloâ€™s vibrant market with this 65,000-square-foot garden-style apartment prope...

Cap Rate 7.56%

NOI $491,400

Size 65,000 SF

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📊 Average Income For Erie PA Commercial Property: $39,944

⭐ Featured

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

$1,750,000

Buffalo Multifamily

Discover a compelling multifamily investment opportunity in Buffalo, NY. This 12-unit apartment building, priced at $1,7...

Cap Rate 6.16%

NOI $107,842

Size 8,640 SF

Save

Investor Questions For Erie PA

Common questions from investors exploring commercial real estate in Erie PA.

What's the overall investment outlook for Erie, PA, considering its demographics and economy? +

Erie's median household income of $39,944, combined with a poverty rate of 24.8% and a high health insurance coverage of 95.1%, suggests a working-class market with employment stability, driven by top industries like Health Care & Social Assistance and Manufacturing, which could support rental demand.

How does the city's ethnic diversity and commute times impact the real estate market? +

The city's diverse population, with 81.9% White, 12.1% Black or African American, and 2.1% Asian, along with an average commute time of 17.4 minutes and 77.4% of residents driving alone, indicates a relatively stable and accessible market for renters and homeowners, with a strong presence of Health Care & Social Assistance and Retail Trade industries.

What are the key factors influencing the quality of life for residents and, by extension, the attractiveness of the city for real estate investment? +

The high health insurance coverage of 95.1%, low average commute time of 17.4 minutes, and a relatively high homeownership rate of 65.2% contribute to a decent quality of life, while the poverty rate of 24.8% and income inequality (GINI coefficient of 0.457) suggest areas for improvement, making it essential for investors to balance these factors when evaluating the market.

How do the top industries in Erie, PA, affect the local real estate market and investment opportunities? +

The dominance of Health Care & Social Assistance, Retail Trade, and Manufacturing as top industries implies a stable demand for housing, particularly rental properties, due to the relatively high employment rate of 42,115 and a median household income of $39,944, which can support rent payments and contribute to a stable investment environment.

What role does the city's demographic profile, including age and ethnicity, play in shaping the real estate investment landscape? +

Erie's median age of 34.4, combined with its ethnic diversity, suggests a market with a mix of young professionals and families, potentially driving demand for both rental and owned housing, while the high percentage of White residents (81.9%) and significant presence of Black or African American (12.1%) and Asian (2.1%) populations indicate a relatively stable and integrated community, which can contribute to a favorable investment climate.

Erie PA Real Estate & City Facts

Key facts and real estate information about Erie PA.

What are some of the best neighborhoods to live in Erie? +

Some of the best neighborhoods to live in Erie include Millcreek, Fairview, and Harborcreek. These neighborhoods are known for being peaceful, family-friendly, and having a welcoming atmosphere. Additionally, areas like Kearsarge, Wesleyville, and Northwest Harborcreek are also considered to be great places to live, with low crime rates and good schools.

What are some fun things to do in Erie? +

There are plenty of fun things to do in Erie, including visiting Presque Isle State Park, Splash Lagoon Indoor Water Park Resort, and the Erie Maritime Museum. You can also explore the city's natural beauty, local food, and festivals, such as the Erie County Fair. If you're looking for more adventure, you can check out Waldameer Park & Water World or take a boat tour of Lake Erie.

What is the food scene like in Erie? +

Erie has a growing food scene, with a variety of restaurants and local cuisine to try. Some popular spots include Lawrence Park Dinor, The Boardroom Dining & Spirits, and Shoreline Bar & Grille. You can also find some great lakeside dives and cozy neighborhood spots, such as Flip and John's Pizza. Additionally, there are some fantastic fancy dinner options, like Two45 Waterfront Grille and The Cork 1794.

What are the pros and cons of living in Erie? +

The pros of living in Erie include its natural beauty, with Lake Erie and Presque Isle State Park offering plenty of opportunities for outdoor activities. The city also has a growing food scene and a variety of festivals and events throughout the year. However, some cons of living in Erie include a higher poverty rate and income inequality, as well as a limited job market in certain industries. Additionally, the city's East side has a higher crime rate, so it's best to avoid that area.

Is Erie a good place to live? +

Overall, Erie can be a great place to live, depending on your individual preferences and priorities. The city has a lot to offer, from its natural beauty and outdoor activities to its growing food scene and community events. However, it's also important to consider the potential drawbacks, such as the higher poverty rate and limited job market. If you're looking for a peaceful, family-friendly neighborhood with good schools and a welcoming atmosphere, Erie may be a great fit for you. But if you're looking for a more urban, fast-paced lifestyle, you may want to consider other options.

Erie, KS Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

📊 Avg Property Tax Rate For Erie PA Properties: 3.9500%

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

📊 Average Income For Erie PA Commercial Property: $39,944

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

Investor Questions For Erie PA

Erie PA Real Estate & City Facts

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