Erie, Pennsylvania, is a prime location for investing in warehouses, with 3 available listings offering a range of opportunities for businesses and investors. Warehouses in Erie represent a solid investment opportunity, providing a stable source of income and potential for long-term appreciation in value. As a major manufacturing hub, Erie's warehouses cater to various industries, including manufacturing, logistics, and distribution. The city's strategic location on the southern shore of Lake Erie, with access to the Great Lakes and beyond, makes it an attractive location for businesses that rely on water transportation. Additionally, Erie's infrastructure, including the Port of Erie and Erie International Airport, provides easy access to major markets and transportation routes. The city's diverse economy, strong education system, and rich cultural scene also contribute to its appeal as a prime location for warehouse investments.
Erie's warehouse market offers a range of options, from small, flexible spaces to large, industrial facilities. With an average price per square foot of $61 USD and an average size of 17,412 square feet, investors can find a warehouse that meets their specific needs. The largest warehouse available in Erie spans 28,600 square feet, offering ample space for businesses that require extensive storage or production facilities. In addition to warehouses, Erie also offers a range of other commercial properties, including industrial properties, land, residential income homes, and commercial real estate. Industrial properties in Erie provide opportunities for businesses that require specialized facilities, while land offers a blank canvas for development. Residential income homes and commercial real estate, including office and retail spaces, round out the city's diverse commercial property market. With its strong economy, rich history, and natural beauty, Erie is an attractive location for businesses and investors alike.
What are the key features investors look for in warehouses in Erie?
When searching for warehouses in Erie, investors typically look for properties that offer a strategic location, modern amenities, and a strong potential for returns on investment, considering factors such as:
- Average price per square foot, currently at $61 USD, and average size of 17,412 square feet, with some properties offering as much as 28,600 square feet of space.
- Access to major transportation hubs, including the Erie International Airport and Tom Ridge Field, the Port of Erie, and the Intermodal Transportation Center, which provide connections to Chicago O'Hare International Airport, Charlotte Douglas International Airport, and Detroit Metropolitan Wayne County Airport.
- Average cap rate of , which can indicate the potential for strong returns on investment, especially in a city with a diverse economy and emerging industries in insurance, healthcare, higher education, technology, service, and tourism.
With 3 available listings of warehouses in Erie, investors have a range of options to choose from, each offering unique features and opportunities for growth.
What size warehouses are available to buy in Erie?
Warehouses for sale in Erie, Pennsylvania, range in size from 17,412 square feet to 28,600 square feet, with an average price per square foot of $61 USD and an average cap rate of , offering a diverse range of options for businesses and investors looking to establish a presence in this lakeside city.
How much does it cost to buy a warehouse in Erie?
When it comes to buying a warehouse in Erie, the cost can vary depending on factors such as size, location, and condition, but on average, you can expect to pay around $61 USD per square foot, with the average warehouse size being around 17,412 square feet, and the largest available warehouse being around 28,600 square feet, with an average cap rate of , and with 3 available listings to choose from.
