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Downtown Mixed-Use Property

1225-1227 STATE Street 2, Erie, PA 16501

For Sale
Contact for pricing

The property combines two adjoining State Street addresses in downtown Erie.

Property SizeContact for details
Days on Market41

Property Features for 1225-1227 STATE Street 2

General Information

Standard status Active
Property subtype Retail

Additional Details

Road Access Yes
Listing Agency: KW Flagship Realty
Listed By: Sonja Thompson · License #RS283299
Source: Crexi
Added: Sep 30 Changed: Nov 8 Last Checked: Nov 8 at 3:58PM

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 KW Flagship Realty

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Investment Insights

Based on property information with market context.

Two adjoining commercial addresses at 1225 and 1227 State Street make up this downtown Erie property. The space previously housed an office supply business, and the listing identifies potential for retail, professional office, food service, or mixed-use redevelopment with apartments above.

The property is on Erie’s downtown business corridor, near Gannon University, UPMC Hamot, Erie Insurance, local dining and theaters, and Lake Erie waterfront attractions.

Key Highlights

  • Two adjoining addresses: 1225 and 1227 State Street
  • Located on State Street in downtown Erie
  • Previously used for an office supply business

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Hair Salon Building Supply Spa & Massage Center Nail Salon Big Box & Wholesale Store

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

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,367
Businesses Nearby
128k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 61% Shops & Services 39%
McDonald's Dining
27,183 visits/mo 0.3 miles
Country Fair Shops & Services
19,383 visits/mo 0.5 miles
Country Fair Shops & Services
15,117 visits/mo 0.4 miles
Wendy's Dining
13,324 visits/mo 0.1 miles
Taco Bell Dining
11,910 visits/mo 0.2 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

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The property combines two adjoining State Street addresses in downtown Erie.
Where is this mixed-use property located?
The property is located at 1225-1227 STATE Street 2 Erie, PA.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Two adjoining addresses: 1225 and 1227 State Street; Located on State Street in downtown Erie; Previously used for an office supply business
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