Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3123 State St Erie, PA 16508

    Sponsored
    For Sale
    $299,000

    Prime Erie commercial space, 4,732 sq ft, excellent visibility.

    Property size:
    4,732 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 4,732 square foot office building in Erie, Pennsylvania, presents a fantastic investment opportunity. Situated on a highly visible 0.2-acre corner lot, the property boasts ample parking with seven spaces in a paved lot. The building features a well-designed layout, offering 2,366 square feet on the main floor and an equally sized 2,366 square foot finished lower level. The main floor includes a welcoming reception area, spacious open workspace, seven private offices, a convenient meeting room, and a fully equipped coffee bar with a sink, complemented by three restrooms. The lower level provides additional flexibility with two offices, open workspace, three storage rooms, a break room, and two more restrooms. The property's RLB zoning allows for a diverse range of uses, including office space, medical facilities, or daycare centers. Excellent signage opportunities further enhance its appeal. A floor plan is available upon request. This property offers a rare combination of size, location, and versatility, making it an ideal choice for a variety of businesses. Don't miss this chance to acquire a prime commercial property in a thriving Erie location.

    Property Features for 3123 State St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,732 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1955
    Property Profile Location Intelligence

    Current Use by Public Records

    S A Wagner Inc Insurance Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.07011
    Latitude
    42.10729

    Nearby Similar for Sale

    • $899,900
      17,200 SF

      Turnkey Erie Entertainment Destination

      Fully operational bowling alley, bar, and restaurant for sale.
      3729 Mcclelland Ave, Erie, PA 16510
      View Details
    • $149,900
      4,144 SF

      Erie Multifamily Investment Opportunity

      Two buildings with potential for multi-unit conversion.
      631 Parade St, Erie, PA 16503
      View Details
    • $899,900
      17,200 SF

      Turnkey Erie Entertainment Destination

      Fully operational bowling alley, bar, and restaurant in Erie, PA.
      3729 Mcclelland Ave, Erie, PA 16510
      View Details
    • $149,900
      4,144 SF

      Erie Commercial Opportunity: Two Buildings

      Two buildings near Gannon University, Erie Insurance, and Hamot Hospital.
      631 Parade St, Erie, PA 16503
      View Details
    • $425,000
      Pending

      Route 5 Commercial Property

      Commercial property with multiple income streams in Millcreek Township.
      4845 W Lake Rd, Erie, PA 16505
      View Details
    • $425,000
      Pending

      Erie Commercial Property on Route 5

      Prime commercial property on Route 5 with income-producing units.
      4845 W Lake Rd, Erie, PA 16505
      View Details
    • $1,500,000
      Pending

      Turnkey Golf Course and Restaurant

      182+ acre golf course and restaurant with lake views.
      3730 Harbor Ridge Trl, Erie, PA 16510
      View Details
    • $3,799,900
      Pending

      72-Unit Investment Portfolio in Erie

      Cash-flowing investment opportunity with high cap rate and cash return.
      72 Unit Investment Package, Erie, PA 16502
      View Details
    • $119,900
      1,656 SF

      Erie Two-Unit Residential Property

      Well-maintained two-unit property with long-term tenants and off-street parking.
      1314 E 35Th St, Erie, PA 16504
      View Details
    • $249,900
      7,320 SF

      Versatile Commercial Space, Erie, PA

      7,320 sq ft commercial property suitable for various businesses.
      1812 Peach St, Erie, PA 16501
      View Details
    • $95,000
      2,376 SF

      Erie Investment Opportunity: Duplex

      Two 3-bedroom units, off-street parking, convenient location.
      549 E 12Th St, Erie, PA 16503
      View Details
    • $400,000
      4,874 SF

      Restaurant and Apartment in Erie

      Restaurant with apartment, fully equipped, remodeled, near Kahkwa Club.
      6116 Swanville Rd, Erie, PA 16506
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Erie commercial space, 4,732 sq ft, excellent visibility.
    Where is this commercial real estate located?
    The property is located at 3123 State St Erie, PA.
    What is the asking price?
    The asking price for this property is $299,000.
    (814) 453-2000
    Request Owner's contact information
    3123 State St Erie, PA 16508
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3123 State St
    Erie, PA 16508
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3123 State St Erie, PA 16508
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.