West 12th Street Commercial
3603 W 12TH Street Erie, PA 16505
For Sale
$315,000
COMMERCIAL - Erie, PA
Property Size3,656 SF
Price / SF$86.16
Days on Market715
Property Features for 3603 W 12TH Street
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
33-027-166.0-009.00
Size
3,656 SF
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
4101
Expense value
10000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Building materials
AluminumSiding, Frame
Listing Agency:
Erie Shores Realty
(814) 838-9602
Listed By:
Beth Lewis · License #RS338659
(814) 882-5451
Added: Aug 13, 2024
Changed: May 14
Last Checked: Jul 28 at 12:06PM
MLS# 177934
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.
Investment Insights
Based on property information with market context.
This commercial property is located on heavily-traveled West 12th Street. The building features three offices with reception and conference areas, a waiting room with a sink and working fireplace, and a full bathroom on the first floor. The lower level adds 1,212 square feet, suitable for storage, and includes two additional bathrooms. A 1,040-square-foot workshop and a 1,404-square-foot warehouse are attached and accessible through the basement or exterior entrances. The warehouse features two overhead doors, and Bilco doors provide access to the basement. The property, which sits on a 0.40-acre lot, has ample paved parking available. The 3,656 square foot property could be converted to residential with business at the same location. It is suitable for service businesses, medical, and retail uses.
Key Highlights
- Heavily‑traveled location on West 12th Street.
- Versatile commercial property suitable for service businesses, medical, or retail.
- Attached 1,040 SF workshop and 1,404 SF warehouse with two overhead doors.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.7k | $9.48 |
| − Vacancy | −$2.4k | −$0.64 |
| EGI | $32.3k | $8.84 |
| − OpEx | −$4.8k | −$1.33 |
| NOI | $27.5k | $7.51 |
3,656 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$684.0K
$598.5K – $798.0K
NOI $47,879 @ 7.0% cap · market cap 15.20%
Second Best
Retail
$589.0K
$515.4K – $687.2K
NOI $41,229 @ 7.0% cap · market cap 13.09%
Theoretical Best
Office A
$907.0K
$793.7K – $1.06M
NOI $63,492 @ 7.0% cap · market cap 20.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Commercial property on West 12th Street suitable for multiple uses.
Where is this retail space located?
The property is located at 3603 W 12TH Street Erie, PA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Heavily‑traveled location on West 12th Street.; Versatile commercial property suitable for service businesses, medical, or retail.; Attached 1,040 SF workshop and 1,404 SF warehouse with two overhead doors.
