Industrial Properties in Erie, Pennsylvania, offer a unique investment opportunity for those looking to tap into the city's diverse economy. As a hub for manufacturing, insurance, healthcare, higher education, technology, service, and tourism, Erie provides a solid foundation for industrial investments. Industrial Properties in Erie can represent a range of investments, from warehouses and distribution centers to manufacturing facilities and research and development spaces. With its strategic location on the southern shore of Lake Erie, the city offers access to the Great Lakes and beyond through the Lake Ontario and St. Lawrence River network in Canada. Additionally, Erie's infrastructure, including the Erie Water Works, Penelec, National Fuel Gas Company, Time Warner Cable, and Verizon, provides a reliable framework for industrial operations. The city's educational institutions, such as Gannon University, Mercyhurst University, Edinboro University of Pennsylvania, and Penn State Erie, The Behrend College, also contribute to a skilled workforce. With its mix of historic and modern architecture, Erie's cultural attractions, including Presque Isle State Park, Perry Square, St. Peter Cathedral, and various ethnic neighborhoods, make it an attractive location for businesses and residents alike.
With 3 Industrial Properties for sale in Erie, investors have the opportunity to tap into the city's growing economy. In addition to Industrial Properties, Erie also offers a range of other property types, including Warehouses, with their proximity to major transportation hubs like the Erie International Airport and Tom Ridge Field, making them ideal for logistics and distribution operations. Land is also available for development, providing opportunities for new industrial projects. Apartment Buildings and Commercial Real Estate round out the options, offering a range of investment possibilities. With its unique blend of history, culture, and economic diversity, Erie is an attractive location for businesses and investors alike, making it an ideal place to invest in Industrial Properties.
What is the average price per square foot for industrial properties in Erie?
The average price per square foot for industrial properties in Erie is $78 USD per square foot, with 3 available listings ranging in size from 19,548 square feet to 41,532 square feet, offering a diverse range of options for investors and businesses looking to establish or expand their operations in the area.
How do location and transportation access affect industrial property values?
In Erie, Pennsylvania, the location and transportation access of industrial properties significantly impact their values, with proximity to major transportation hubs, roads, and waterways being key factors in determining their worth.
- Industrial properties located near the Port of Erie, Erie International Airport, and major roads like Interstate 90 and Interstate 79 tend to have higher values due to their accessibility and connectivity to national and international markets.
- The presence of rail lines, such as the CSX mainline and the Norfolk Southern Railway, also increases the value of industrial properties, as they provide efficient and cost-effective transportation options for goods and materials.
- Furthermore, industrial properties situated near major employers and industries, such as manufacturing, healthcare, and education, tend to have higher values due to the demand for space and the potential for synergy and collaboration.
