2345 WARFEL Avenue Erie, PA $ 1,600,000
2345 WARFEL Avenue
$ 1,600,000
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2345 WARFEL Avenue

Erie, PA, 16503
$ 1,600,000
Bedrooms-- Baths-- Sq 13,091

Monthly Estimate*

$ 9,851

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Commercial Property for sale in Erie, PA

for $1,600,000. This 13,091 square foot building was built in 1964 on a lot size of 0.59.

This dry cleaning & laundry business offers immediate cash flow, reduced operational risk, & proven stability. Operating since 2004, Grapevine generates consistent multi-year profitability with an average NOI over $165k for a ~24% margin (industry averages are ~10-20%), driven by recurring revenue & a diversified revenue stream. Services span dry cleaning, wash & fold, alterations, household textiles, & commercial linen, allowing resilience across cycles. The sale includes all operating assets, equipment, goodwill, & 5 parcels of real property for operational control & long-term value. Established systems, customer mix, & trained staff reduce transition risk leaving clear upside through marketing optimization, commercial account expansion, subscriptions, & route development. Positioned in a dense residential area, the business is well suited for an owner-operator or investor seeking a proven opportunity with scalability. Full financials available with signed confidentiality agreement.

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Commercial Active

Price

$ 1,600,000

Property Type

Commercial

Taxes

$ 9,902

Style

Lot Size

0.59

Year Built

1964

Town/City

Erie

County/Region

Erie

MLS | Web ID

189334

Features
General
Sewer Public Sewer
Possession Close Of Escrow
Security Deposit 50000
Township Erie
Property Subtype Business
Tax Year 2025
County Erie
Property Type Business Opportunity
Status Active
Directions Main industrial facility: Bayfront Connector/Rte 290 to Broad St to 2345 Warfel. Retail location at 2826 State Street across from Collegiate Academy.
City Erie
Zoning Description M-1
MLS Area 4 - Erie Southeast
Lot Size Units Acres
Tax Annual Amount 9902
Standard Status Active
Tax Assessed Value 254400
High School District City-Erie
Middle/Junior School District City-Erie
Elementary School District City-Erie
Year Built 1964
Year Built Details Estimate
Property Condition Resale
Virtual Tour https://new.express.adobe.com/publishedV2/urn:aaid:sc:US:00fcface-27b8-4855-8bda-ec6292594243?promoid=Y69SGM5H&mv=other
Business Name Grapevine Laundry & Linen
Zoning RLB
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Exterior
Water Source Public
Lot Size Area 0.59
Building Area Total 13091
Lot Dimensions 0x0x0x0
Lot Size Acres 0.59
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* Excluded Features
List By
Sbre - Sherry Bauer Real Estate Services

Broker

sbauer@sherrybauerrealestate.com

Email

Affordability Calculator

$10,677
Per Month
92%
8%
0%
Monthly Principal & Interest
$9,851
Monthly Property Taxes
$825
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
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Nearby
2358928 Elementary School
2358969 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/14/2026$1,600,000 Listed Price

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2345 WARFEL Avenue, Erie, PA, 16503 is a Commercial Property for sale at $1,600,000 with 13,091 sqft and a lot size of 0.59. 2345 WARFEL Avenue was built in 1964. The property's zip code is 16503 which is in Erie, PA