Historic Mixed-Use Building with
502/506 STATE Street Erie, PA 16501
502/506 STATE Street, Erie, PA, 16501
$1,899,900 SF/Yr
For Lease
$1,899,900 SF/Yr
COMMERCIAL - Erie, PA
Property Size15,948 SF
Lot Size0.15 Acres
Days on Market108
Property Features for 502/506 STATE Street
General Information
- Property type
- Commercial Lease
- Property subtype
- Other
- Bathrooms
- 6
- Rooms
- Bathroom 3, Bathroom 4, Bathroom 1, Bathroom 6, Bathroom 2, Bathroom 5
- Standard status
- Active
- APN
- 17-040-002.0-104.00
- Size
- 15,948 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 50431
- Expense value
- 50000
- Expense
- SecurityDeposit
- Expense freq.
- One Time
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1858
- Building materials
- Brick, Masonry
Listing Agency
Agresti Real Estate
(814) 459-9400
2635 W 26th Street, Erie, PA
Listed by
Jake Scheloske · License #RS318016
(814) 449-7973
Added: Apr 2 Checked: Jul 18 at 11:06 pm
MLS# 189850
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 historic mixed-use building is listed in the National Registry of Historic Buildings and was thoughtfully redeveloped in 2021. The property contains six total units, with two established retail tenants on the first floor and updated improvements throughout that reflect both historic character and modern upgrades. Upper levels are described as move-in ready for office or residential use, and there is additional square footage ready for build-out to support further configuration.
Located in the heart of downtown Erie at 502/506 State Street, the building benefits from its central streetscape setting. The historic designation may also support eligibility for certain grants and tax incentives, which can be relevant for qualified owners and operators.
For an investor or owner-operator, the mix of street-level retail and flexible space above creates a practical platform for diversified use within one asset. Tenants seeking office or residential accommodations can evaluate the existing move-in-ready areas, while those looking to tailor the footprint have the option to work with additional square footage identified as ready for build-out.
Located in the heart of downtown Erie at 502/506 State Street, the building benefits from its central streetscape setting. The historic designation may also support eligibility for certain grants and tax incentives, which can be relevant for qualified owners and operators.
For an investor or owner-operator, the mix of street-level retail and flexible space above creates a practical platform for diversified use within one asset. Tenants seeking office or residential accommodations can evaluate the existing move-in-ready areas, while those looking to tailor the footprint have the option to work with additional square footage identified as ready for build-out.
Key Highlights
- Historic brick/masonry mixed‑use building (1858) listed on the National Registry of Historic Buildings
- Thoughtfully redeveloped in 2021 with central air, forced‑air natural gas heat, public water, and public sewer
- 6 total units with two established retail tenants on the first floor
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Rent Nearby
FAQs
What type of property is this?
Mixed-use property - Downtown Erie mixed-use building with two first-floor retail tenants and ready upper-level office or residential space.
Where is this mixed-use property located?
The property is located at 502/506 STATE Street Erie, PA.
What is the lease rate?
The lease rate is $1,899,900.
What are key features of this property?
This property features: Historic brick/masonry mixed‑use building (1858) listed on the National Registry of Historic Buildings; Thoughtfully redeveloped in 2021 with central air, forced‑air natural gas heat, public water, and public sewer; 6 total units with two established retail tenants on the first floor
