18 W 18th Street, Erie, PA 16501

$1,500,000
Commercial 57,704 Square Feet Taxes: $31,810.00 Built in 1961 Type: Motel Listed on 12/14/2018 MLS # 135212

Description of 18 W 18th Street, Erie, PA 16501

133 Room hotel in the heart of downtown Erie totaling 57,704 SF for sale. Situated on 2.93 acres along 3 main traffic corridors with 2 signalized intersections. Features breakfast area, fitness center, heated outdoor pool, lobby & 100 on-site parking spaces. 8,100 SF bar/restaurant available for reopening. High traffic area. NOI: $70,616. Tax incentives available including LERTA & Federal Opportunity Zone. Flyer & Non-Disclosure Agreement attached. Contact broker for tour & additional info.

Features of 18 W 18th Street, Erie, PA 16501

  • School district: City-Erie
  • Gas water heater
  • Parking spaces: 100
  • Lot acreage is: 2.9400
  • Lot zoned: C-2
  • Public sewer
  • Public water
  • Units in building(s): 133
  • Total square feet: 57704
  • Tax year: 2018

Mortgage Payments for 18 W 18th Street, Erie, PA 16501

The approximate monthly Principal & Interest payment for this property would be $8,705. This payment is based on a 30-year loan at a fixed rate of 3.49 % with a down payment of $150,000. Actual lender interest rates and loan programs may vary.

Use our Mortgage Payment Calculator to determine a more exact payment estimate.

courtesy of:SBRE
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