Flexible Commercial Building with
For Sale
$529,900
3419 SHANNON Road, Erie, PA 16510
COMMERCIAL - Other - Erie, PA
Property Size4,000 SF
Lot Size0.82 Acres
Price / SF$132.48
Days on Market25
Property Features for 3419 SHANNON Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C
Parking
12
Elementary school district
Iroquois
Middle school district
Iroquois
High school district
Iroquois
Directions
BAYFRONT HI-WAY TO BRIDGE OVER WINTERGREENE GORGE. TURN NORTH ON SHANNON RD, DRIVE PAST E. 38TH ST ABOUT 1/4 MILE FARTHER ON THE EAST SIDE OF THE RD.
Subdivision
15 - Harborcrk/Wesleyvill/Law Pk
Standard status
Active
APN
50-006-071.0-017.00
Size
4,000 SF
Lot size
0.82 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4081
Expense value
20000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas
Cooling system
Heat Pump
Water source
Well
Building Details
Year built
1997
Floors in Building
1
Building materials
Mixed
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Marsha Marsh RES Peach
(814) 866-8840
Listed By:
Scott Jackson · License #RS359454
(814) 413-6696
Added: Jul 10
Changed: Jul 17
Last Checked: Aug 3 at 9:06PM
MLS# 191966
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.
Investment Insights
Based on property information with market context.
The property includes a 4,000-square-foot commercial building designed to support a range of uses such as retail, office, warehouse, light industrial, or service-based operations. The layout is adaptable for an owner-occupant or for leasing arrangements that may include renting the space to a single tenant or dividing it into multiple tenant areas. A detached 26' x 26' two-car garage adds practical utility as secure storage, workshop space, equipment housing, or an additional rental option.
The site is situated on 0.8164 acres in Erie, PA, with the address at 3419 SHANNON Road (16510). The combination of building and detached garage provides additional flexibility for day-to-day operations and space planning.
Overall, the property is positioned as a versatile commercial asset with both main-building space and separate garage utility to support varied occupancy and leasing approaches.
The site is situated on 0.8164 acres in Erie, PA, with the address at 3419 SHANNON Road (16510). The combination of building and detached garage provides additional flexibility for day-to-day operations and space planning.
Overall, the property is positioned as a versatile commercial asset with both main-building space and separate garage utility to support varied occupancy and leasing approaches.
Key Highlights
- 4,000 SF commercial building built in 1997 with adaptable layout for multiple business uses
- Detached 26' x 26' two‑car garage for secure storage, workshop, or separate rental potential
- Heating includes natural gas; cooling provided by a heat pump
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.0k | $18.00 |
| − Vacancy | −$7.6k | −$1.89 |
| EGI | $64.4k | $16.11 |
| − OpEx | −$19.3k | −$4.83 |
| NOI | $45.1k | $11.28 |
4,000 SF · lease $18.00/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$644.4K
$563.9K – $751.8K
NOI $45,108 @ 7.0% cap · market cap 8.51%
Second Best
Warehouse
$429.1K
$375.5K – $500.7K
NOI $30,040 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$992.4K
$868.3K – $1.16M
NOI $69,466 @ 7.0% cap · market cap 13.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 16510, PA
24,515
Population
10,354
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
92%
High-School Grad
33.0 sq mi
ZIP Area
743
Density / Sq Mi
$64,938
Median Household Income
$40,064
Median Earnings
$796
Median Rent
$158,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A 4,000 SF commercial building with a detached two-car garage offers adaptable space for multiple business uses.
Where is this flex space located?
The property is located at 3419 SHANNON Road Erie, PA.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: 4,000 SF commercial building built in 1997 with adaptable layout for multiple business uses; Detached 26' x 26' two‑car garage for secure storage, workshop, or separate rental potential; Heating includes natural gas; cooling provided by a heat pump
