Equipped Restaurant and Retail
For Sale
$50,000
1021 STATE Street, Erie, PA 16501
BusinessOpportunity, Erie, PA
Property Size5,400 SF
Price / SF$9.26
Days on Market12
Property Features for 1021 STATE Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-3
Elementary school district
City-Erie
Middle school district
City-Erie
High school district
City-Erie
Directions
East Side of State St Between 10th & 11th
Subdivision
1 - Erie Northeast
Standard status
Active
APN
15-020-002.0-209.00
Size
5,400 SF
Taxes and HOA fees
Tax Year
2026
Expense value
3000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1903
Listing Agency:
Coldwell Banker Select - Airport · Coldwell Banker Real Estate
(814) 838-2299
Listed By:
Rose Nouri · License #RS211308L
(814) 873-6262
Added: Aug 21
Last Checked: Sep 1 at 3:06AM
MLS# 192799
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 restaurant property combines dine-in, takeout, catering, and retail functions within an approximately 5,400-square-foot space. Indoor seating accommodates on-site service, while the existing setup supports multiple food-service formats. The sale includes the restaurant business along with equipment, furniture, dishes, and pots, providing an established physical platform for continued operation or a revised concept.
Located at 1021 State Street in Erie, Pennsylvania, the property is served by public water and public sewer. Central air conditioning is in place, and the building dates to 1903. The transaction covers the business only, with the included operating assets forming the principal components of the offering.
Located at 1021 State Street in Erie, Pennsylvania, the property is served by public water and public sewer. Central air conditioning is in place, and the building dates to 1903. The transaction covers the business only, with the included operating assets forming the principal components of the offering.
Key Highlights
- Approximately 5,400 square feet of restaurant and retail space
- Dine‑in, takeout, and catering configuration with indoor seating
- Sale includes restaurant equipment, furniture, dishes, and pots
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,598
Businesses Nearby
89k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 84%
Shops & Services 15%
Home Improvements & Furnishings 1%
McDonald's
Dining
27,183 visits/mo
0.1 miles
Wendy's
Dining
13,324 visits/mo
0.2 miles
Taco Bell
Dining
11,910 visits/mo
0.2 miles
Tim Hortons
Dining
10,957 visits/mo
0.3 miles
Arby's
Dining
10,458 visits/mo
0.1 miles
Demographics for 16501, PA
2,241
Population
1,468
Households
1.5
Avg Household Size
48
Median Age
23%
College-Educated
85%
High-School Grad
0.7 sq mi
ZIP Area
3,201
Density / Sq Mi
$14,579
Median Household Income
$12,623
Median Earnings
$411
Median Rent
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant operation with dine-in, takeout, catering, and retail functionality, supported by included furnishings and kitchen equipment.
Where is this conventional restaurant located?
The property is located at 1021 STATE Street Erie, PA.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: Approximately 5,400 square feet of restaurant and retail space; Dine‑in, takeout, and catering configuration with indoor seating; Sale includes restaurant equipment, furniture, dishes, and pots
