Flex Space with Detached
3419 SHANNON Road, Erie, PA 16510
For Sale
$499,900
Pending
CommercialSale, Erie, PA
Property Size4,000 SF
Lot Size0.82 Acres
Days on Market122
Property Features for 3419 SHANNON Road
General Information
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Buildings
Listing Agency:
Marsha Marsh RES Peach
(814) 866-8840
Listed By:
Scott Jackson · License #RS359454
(814) 413-6696
Added: Jul 10
Changed: Nov 7
Last Checked: Nov 8 at 9:06AM
MLS# 191966
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.
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Investment Insights
Based on property information with market context.
This flex-space property includes a 4,000-square-foot commercial building and a detached 26' x 26' two-car garage on 0.8164 acres. The main structure can accommodate retail, office, warehouse, light industrial, and service-based business functions, with a layout that may support single-tenant occupancy or division into multiple tenant areas. The additional garage provides separate space for storage, workshop activities, equipment, housing, or rental use.
Built in 1997, the property has mixed construction, an asphalt roof, natural-gas heating, and heat-pump cooling. Water is supplied by a well, and the site is served by a septic tank. The address is 3419 Shannon Road in Erie, Pennsylvania, within ZIP Code 16510.
Built in 1997, the property has mixed construction, an asphalt roof, natural-gas heating, and heat-pump cooling. Water is supplied by a well, and the site is served by a septic tank. The address is 3419 Shannon Road in Erie, Pennsylvania, within ZIP Code 16510.
Key Highlights
- 4,000‑square‑foot commercial building on 0.8164 acres
- Detached 26' x 26' two‑car garage
- Main building supports retail, office, warehouse, light industrial, and service‑based uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,040
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,800
$600.8K
Cap Rate 7%
$429,143
$429.1K
Cap Rate 9%
$333,778
$333.8K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$37.9K $9.48/SF
− Vacancy
−$2.6K −$0.64/SF
EGI
$35.3K $8.84/SF
− OpEx
−$5.3K −$1.33/SF
NOI
$30.0K $7.51/SF
Area
Erie County, PA
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,800
Cap Rate 7%
$429,143
Cap Rate 9%
$333,778
Alternative Uses
Best Use
Warehouse
$429.1K
$375.5K – $500.7K
NOI $30,040 @ 7.0% cap · market cap 6.01%
Second Best
Industrial
$353.4K
$309.2K – $412.3K
NOI $24,739 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$992.4K
$868.3K – $1.16M
NOI $69,466 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 16510, PA
24,515
Population
10,354
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
92%
High-School Grad
33.0 sq mi
ZIP Area
743
Density / Sq Mi
$64,938
Median Household Income
$40,064
Median Earnings
$796
Median Rent
$158,700
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Erie County, PA
Properties on Market for Flex space in Erie County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial layout with separate garage space for storage or workshop use.
Where is this flex space located?
The property is located at 3419 SHANNON Road Erie, PA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 4,000‑square‑foot commercial building on 0.8164 acres; Detached 26' x 26' two‑car garage; Main building supports retail, office, warehouse, light industrial, and service‑based uses
