Erie Mixed-Use Development
4912 & 4916 W RIDGE Road Erie, PA 16506
For Sale
$1,200,000
Pending
COMMERCIAL - Erie, PA
Property Size9,131 SF
Lot Size3.13 Acres
Days on Market175
Property Features for 4912 & 4916 W RIDGE Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Standard status
Pending
APN
33-042-230.1-003.00
Size
9,131 SF
Lot size
3.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9647
Expense value
25000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1950
Building materials
AluminumSiding, VinylSiding
Listing Agency:
Agresti Real Estate
(814) 459-9400
Listed By:
Isaac Yurkewicz · License #RS333371
(814) 460-7538
Added: Feb 3
Changed: Apr 21
Last Checked: Jul 28 at 10:06AM
MLS# 189456
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.
This 4.25-acre mixed-use development site is located at 4912 & 4916 W Ridge Rd in Erie, PA. Situated along a heavily traveled commercial corridor, the property offers visibility, accessibility, and redevelopment potential. The MU-2 zoning allows for multi-family residential, retail, office, service, medical, or integrated mixed-use concepts. All utilities are run across the lot. The parcel's size and configuration allow for phased development or a single comprehensive project. The property is surrounded by established businesses such as Wegmans, Chipotle, Starbucks, PNC, and Erie Insurance. Currently on the property is a 9,000 sq. ft. tool and dye shop (built in 1980), a two-unit residential rental, and a mobile home. The lot size is 3.131 acres.
Key Highlights
- 4.25‑acre mixed‑use development site in a high‑traffic commercial corridor.
- MU‑2 zoning allows for diverse development options.
- All utilities are already run across the lot.
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 | $164.4k | $18.00 |
| − Vacancy | −$17.3k | −$1.89 |
| EGI | $147.1k | $16.11 |
| − OpEx | −$44.1k | −$4.83 |
| NOI | $103.0k | $11.28 |
9,131 SF · lease $18.00/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.71M
$1.49M – $1.99M
NOI $119,580 @ 7.0% cap · market cap 9.97%
Second Best
Retail
$1.47M
$1.29M – $1.72M
NOI $102,970 @ 7.0% cap · market cap 8.58%
Theoretical Best
Office A
$2.27M
$1.98M – $2.64M
NOI $158,573 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - 4.25-acre mixed-use development site in a prime location.
Where is this mixed-use property located?
The property is located at 4912 & 4916 W RIDGE Road Erie, PA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4.25‑acre mixed‑use development site in a high‑traffic commercial corridor.; MU‑2 zoning allows for diverse development options.; All utilities are already run across the lot.
