Industrial Manufacturing
For Sale
$850,000
4912 W RIDGE Road, Erie, PA 16506
CommercialSale, Erie, PA
Property Size9,000 SF
Lot Size3.13 Acres
Price / SF$93.09
Days on Market37
Property Features for 4912 W RIDGE Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
M-2
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 1
Parking
10
Elementary school district
Millcreek
Middle school district
Millcreek
High school district
Millcreek
Directions
Turn onto W 23rd. from Asbury Rd. Property is on the left hand side driving towards Wegmans. Right next to GeorgeKo. Alternative access via W Ridge Rd
Subdivision
5 - Millcreek N of W26
Standard status
Active
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
6817
Expense value
20000
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: Sep 2
Changed: Sep 30
Last Checked: Oct 8 at 1:06AM
MLS# 192902
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 industrial manufacturing facility was built in 1950 and occupies a 3.131-acre parcel. The building includes 3-phase electric service, three overhead bus bars measuring 100 feet each, ceiling heights ranging from 20 to 25 feet, a ventilation system, dry sprinklers, and a 6-inch concrete floor slab. Public water and sewer serve the property, with natural gas and forced-air heating. The existing improvements support industrial operations and include three bathrooms.
MU-2 zoning allows flexibility across commercial, service, office, residential, and mixed-use applications, subject to applicable requirements. The property is located on W Ridge Road in Erie, Pennsylvania, within Millcreek Township and near established businesses and ongoing development.
MU-2 zoning allows flexibility across commercial, service, office, residential, and mixed-use applications, subject to applicable requirements. The property is located on W Ridge Road in Erie, Pennsylvania, within Millcreek Township and near established businesses and ongoing development.
Key Highlights
- 3.131‑acre industrial property in Millcreek Township
- MU‑2 zoning supports commercial, service, office, residential, and mixed‑use applications
- Three 100‑ft. overhead bus bars for moving heavy equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,574
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,371,480
$1.4M
Cap Rate 7%
$979,629
$979.6K
Cap Rate 9%
$761,933
$761.9K
Market Conditions
NOI Build-Up for 9,131 SF
Gross rent
$86.6K $9.48/SF
− Vacancy
−$5.9K −$0.64/SF
EGI
$80.7K $8.84/SF
− OpEx
−$12.1K −$1.33/SF
NOI
$68.6K $7.51/SF
Area
Erie County, PA
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,371,480
Cap Rate 7%
$979,629
Cap Rate 9%
$761,933
Alternative Uses
Best Use
Warehouse
$979.6K
$857.2K – $1.14M
NOI $68,574 @ 7.0% cap · market cap 8.07%
Second Best
Industrial
$806.8K
$705.9K – $941.2K
NOI $56,473 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$2.27M
$1.98M – $2.64M
NOI $158,573 @ 7.0% cap · market cap 18.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
25 ft
Clear height
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
Explore this area
Business Placement
Demographics for 16506, PA
23,918
Population
10,309
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
96%
High-School Grad
13.6 sq mi
ZIP Area
1,759
Density / Sq Mi
$84,021
Median Household Income
$47,823
Median Earnings
$1,176
Median Rent
$224,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing building with heavy-equipment infrastructure, tall clearances, ventilation, and MU-2 zoning for flexible commercial use.
Where is this manufacturing property located?
The property is located at 4912 W RIDGE Road Erie, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3.131‑acre industrial property in Millcreek Township; MU‑2 zoning supports commercial, service, office, residential, and mixed‑use applications; Three 100‑ft. overhead bus bars for moving heavy equipment
