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Prime Commercial Space in Erie
For Lease
$10 SF/Yr

716 State St, Erie, PA 16501

Commercial space in the heart of Erie, PA near bayfront.

Space SizeContact for details
Days on Market2818

Property Features for 716 State St

General Information

Standard status Active
Listing Agency: Altair Real Estate Services
Listed By: Charles Peters
Source: Exprealty
Added: Dec 14, 2018 Changed: Aug 20 Last Checked: Aug 30 at 9:29PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Altair Real Estate Services

Investment Insights

Based on property information with market context.

This commercial space is situated in the busy heart of Erie, Pennsylvania, within the historic Boston Store building. Its location offers proximity to the bayfront, various restaurants, UPMC Hamot, and Erie Insurance. The property is suitable for retail use.

Key Highlights

  • Prime Commercial Space in the Historic Boston Store.
  • Located in the busy heart of Erie, PA.
  • Minutes from bayfront.

Property Analytics

Current Use

HANDS Boston Store ... Apartment Building Senior Wyze Senior ... Nursing Home iHeartMedia Marketing & Advertising

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Hair Salon Nail Salon Catering Service Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,363
Businesses Nearby
83k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 91% Shops & Services 9%
McDonald's Dining
27,183 visits/mo 0.3 miles
Wendy's Dining
13,324 visits/mo 0.3 miles
Taco Bell Dining
11,910 visits/mo 0.3 miles
Tim Hortons Dining
10,957 visits/mo 0.4 miles
Arby's Dining
10,458 visits/mo 0.3 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

Lease Benchmarks for Erie, PA

$14.25 /SF/Yr
Avg Asking Price
$6.75–$39 /SF/Yr
Price Range
3,743 SF
Avg Space Size

This space is priced 30% below the average of $14.25 /SF/Yr.

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Commercial space in the heart of Erie, PA near bayfront.
Where is this retail space located?
The property is located at 716 State St Erie, PA.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Prime Commercial Space in the Historic Boston Store.; Located in the busy heart of Erie, PA.; Minutes from bayfront.
More about this property
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