Historic Erie Office Building For
317 W 6TH Street, Erie, PA 16507
- Added:
- Aug 19, 2024
- Days on Market:
- 636
- Last Refresh:
- May 16 at 11:06 pm
Property Features for 317 W 6TH Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 17-040-010.0-204.00
- Size
- 6,006 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7742
- Expense value
- 100000
- Expense
- SecurityDeposit
- Expense freq.
- One Time
Utilities
- Sewer type
- Public Sewer
- Heating system
- Radiant, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Building materials
- Mixed
Listing agent Marsha Marsh License #RS218503L (814) 440-8181
Listing office Marsha Marsh RES Peach 8840 Peach St, Erie, PA (814) 866-8840
Listing date Aug 19, 2024
MLS# 178525
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.
HighLights
- Prime location in Erie's Historic District of Millionaires Row and Tom Hagen Way.
- Blend of historic charm and modern functionality.
- Thoughtfully designed layout with multiple offices, conference rooms, and collaborative spaces.
- Abundant natural light through large windows.
- Elegant architectural details reflecting its historic roots.
- Radiant natural gas heating and central air cooling.
Overview
This commercial property is ideally situated in the heart of Erie's historic district of Millionaires Row and Tom Hagen Way. The impressive building offers an exceptional blend of historic charm and modern functionality. The layout is thoughtfully designed to accommodate multiple offices, conference rooms, and collaborative spaces, providing an optimal environment for productivity and client engagement. Natural light floods the building through large windows, enhancing the inviting atmosphere. The property features elegant architectural details synonymous with its historic roots, offering a unique character that sets it apart from typical office buildings. The building size is 6,006 square feet and the lot size is 0.2462 acres. This is a remarkable opportunity in a vibrant and growing area.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$873.9K
NOI $78,655 @ 9.00% cap · cautious / downside scenario
Moderate
$1.12M
NOI $78,655 @ 7.00% cap · market / base-case scenario
Aggressive
$1.57M
NOI $78,655 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $135.5k | $22.56 |
| − Vacancy | −$30.6k | −$5.10 |
| EGI | $104.9k | $17.46 |
| − OpEx | −$26.2k | −$4.37 |
| NOI | $78.7k | $13.10 |
6,006 SF · lease $22.56/SF/yr · vacancy 22.60% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.12M
$983.2K – $1.31M
NOI $78,655 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,303 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Preferred Restaurants® Erie ...
Restaurant
Location Insight
- Map
- Local Demand
- City
- Erie
- County
- Erie
- State
- Pennsylvania
- Longitude
- -80.078228
- Latitude
- 42.131625
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Prime office building in Erie's historic Millionaires Row.
Where is this office building located?
The property is located at 317 W 6TH Street Erie, PA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Prime location in Erie's Historic District of Millionaires Row and Tom Hagen Way.; Blend of historic charm and modern functionality.; Thoughtfully designed layout with multiple offices, conference rooms, and collaborative spaces.
