Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    317 W 6TH Street Erie, PA 16507

    View on Map
    Claim this Listing
    For Sale
    $1,250,000

    COMMERCIAL - Erie, PA

    Property size:
    6,006 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $208/SF
    Added:
    Aug 19, 2024
    Days on Market:
    623
    Last Refresh:
    May 3 at 7:06 pm

    Property Features for 317 W 6TH Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    17-040-010.0-204.00
    Size
    6,006 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7742
    Expense value
    100000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Radiant, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Building materials
    Mixed

    We can help!

    Listing Contact
    Marsha Marsh
    Marsha Marsh

    Listing agent Marsha Marsh License #RS218503L

    Listing office Marsha Marsh RES Peach 8840 Peach St, Erie, PA

    Listing date Aug 19, 2024

    MLS# 178525

    Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Erie Office Building For Sale

    This commercial property is ideally situated in the heart of Erie's historic district of Millionaires Row and Tom Hagen Way. The impressive building offers an exceptional blend of historic charm and modern functionality. The layout is thoughtfully designed to accommodate multiple offices, conference rooms, and collaborative spaces, providing an optimal environment for productivity and client engagement. Natural light floods the building through large windows, enhancing the inviting atmosphere. The property features elegant architectural details synonymous with its historic roots, offering a unique character that sets it apart from typical office buildings. The building size is 6,006 square feet and the lot size is 0.2462 acres. This is a remarkable opportunity in a vibrant and growing area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Preferred Restaurants® Erie ... Restaurant

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Law Firm Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.078228
    Latitude
    42.131625

    Nearby Similar for Sale

    • $319,000
      2,520 SF

      Erie Commercial Property For Sale

      2,520 SF commercial building on 0.22 acres in Erie, PA.
      1903 W 8TH Street, Erie, PA 16505
      View Details
    • $619,000
      11,568 SF

      Erie Commercial Plaza For Sale

      Four-unit commercial plaza with strong rental history and abundant parking.
      105 W 18TH Street, Erie, PA 16501
      View Details
    • $699,900
      3,471 SF

      Erie Commercial Property For Sale

      High-visibility Erie commercial property on 0.77 acres, mixed-use zoning.
      3505 W 26TH Street, Erie, PA 16506
      View Details
    • $529,900
      14,000 SF

      Erie Commercial Building with Garage

      Three-story commercial building with storage and office space on 5+ acres.
      3003 FLOWER Road, Erie, PA 16509
      View Details
    • $430,000
      4,793 SF

      Erie Office Building For Sale

      Three-story office building with multiple offices and parking.
      235 W 7TH Street, Erie, PA 16501
      View Details
    • $529,900
      14,000 SF

      Erie Commercial Building with Garage

      Three-story commercial building with storage and office space on 5+ acres.
      3003 FLOWER Road, Erie, PA 16509
      View Details
    • $899,900
      17,200 SF

      Turnkey Entertainment Destination in Erie

      Fully operational bowling alley, bar, and restaurant in prime location.
      3729 MCCLELLAND Avenue, Erie, PA 16510
      View Details
    • $899,900
      17,200 SF

      Turnkey Erie Entertainment Destination

      Fully operational bowling alley, bar, and restaurant in Erie, PA.
      3729 MCCLELLAND Avenue, Erie, PA 16510
      View Details
    • $965,000
      9,120 SF

      Wesleyville Borough 12-Unit Investment Property

      Rare 12-unit multifamily property in a desirable Erie location.
      3400 FRANCIS Street, Erie, PA 16510
      View Details
    • $448,155
      3,377 SF

      Renovated Medical Office Near Hospital

      Fully renovated medical office space near St. Vincent Hospital.
      2626 SIGSBEE Street, Erie, PA 16508
      View Details
    • $285,000
      3,642 SF

      Updated Commercial Property on Buffalo

      Well-maintained commercial property with high visibility and recent updates.
      5083 BUFFALO Road, Erie, PA 16510
      View Details
    • $274,900
      15,216 SF

      Large Commercial Building, Erie, PA

      Versatile commercial building suitable for various business ventures.
      411-15 E 10 Street, Erie, PA 16503
      View Details

    FAQs

    What type of property is this?
    Office building - Prime office building in Erie's historic Millionaires Row.
    Where is this office building located?
    The property is located at 317 W 6TH Street Erie, PA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Prime location in Erie's Historic District of Millionaires Row and Tom Hagen Way.; Blend of historic charm and modern functionality.; Thoughtfully designed layout with multiple offices, conference rooms, and collaborative spaces.
    (814) 440-8181
    We can help!
    Listing Contact
    Marsha Marsh
    Marsha Marsh
    Real Estate License ID: RS218503L
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    317 W 6TH Street, Erie, PA 16507

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!