Flex Space with Overhead
3419 SHANNON Road, Erie, PA 16510
For Sale
$499,900
Pending
CommercialSale, Erie, PA
Property Size4,000 SF
Lot Size0.82 Acres
Days on Market146
Property Features for 3419 SHANNON Road
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Parking
Exterior features
Fencing
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Expense value
Expense
Expense freq.
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Building materials
Buildings
Listing Agency:
Marsha Marsh RES Peach
(814) 866-8840
Listed By:
Scott Jackson · License PA RS359454
(814) 413-6696
Added: Jun 18
Changed: Nov 7
Last Checked: Nov 10 at 9:06PM
MLS# 191590
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 property includes a 4,000-square-foot building constructed in 1997, configured with office and warehouse areas. The building has 12'6" ceilings, four 11-foot-tall overhead garage doors, bathroom facilities, mini-split cooling, and heating supplied in part by two high-efficiency wall heaters connected to an on-site gas well. The property also includes a detached 26' x 26' two-car garage that adds enclosed storage, workspace, or equipment capacity.
Set on 0.8164 acres along the Harborcreek-Wesleyville line, the property has commercial zoning, fencing, well water, septic service, mixed construction materials, and access to major transportation routes. Its setting is described as highly visible and surrounded by commercial development.
Set on 0.8164 acres along the Harborcreek-Wesleyville line, the property has commercial zoning, fencing, well water, septic service, mixed construction materials, and access to major transportation routes. Its setting is described as highly visible and surrounded by commercial development.
Key Highlights
- 4,000‑square‑foot building on 0.8164 acres
- 12'6" ceilings and four 11‑foot‑tall overhead garage doors
- Office and warehouse configuration with bathroom facilities
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
Office B
$748.3K
$654.8K – $873.1K
NOI $52,384 @ 7.0% cap · market cap 10.48%
Second Best
Warehouse
$429.1K
$375.5K – $500.7K
NOI $30,040 @ 7.0% cap · market cap 6.01%
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
Lease Details
12 ft
Clear height
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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 Office in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Combined office and warehouse improvements support contractor, storage, distribution, and service-oriented operations.
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 building on 0.8164 acres; 12'6" ceilings and four 11‑foot‑tall overhead garage doors; Office and warehouse configuration with bathroom facilities
