Prime Mixed-Use Development Opportunity

4912 & 4916 W Ridge Road, Erie, PA 16506

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For Sale

Contact for pricing

4.25-acre site with high visibility and redevelopment potential.

Type:Retail, Mixed Use

Property size:

9,131 SF

Lot size:

4.25 Acres

Price / SF:

$131/SF

HighLights

4.25‑acre mixed‑use development site in a high‑traffic commercial corridor.
MU‑2 zoning allows for diverse development options (multi‑family, retail, office, medical, etc.).
All utilities are already run across the lot.
Surrounded by established anchors like Wegmans, Chipotle, and Starbucks.
Size and configuration allows for phased or comprehensive development.
Includes existing 9,000 sq. ft. tool and dye shop, a two‑unit residential rental, and a mobile home.

We can help!

Listing Contact

Jake Scheloske

For Sale

Contact for pricing

4.25-acre site with high visibility and redevelopment potential.

Type:Retail, Mixed Use

Property size:

9,131 SF

Lot size:

4.25 Acres

Price / SF:

$131/SF

Added:: Feb 18, 2026
Days on Market:: 111
Last Refresh:: Mar 17 at 1:15 pm

Property Features for 4912 & 4916 W Ridge Road

General Information

Standard status: Active
Size: 9,131 SF
Lot size: 4.25 Acres
Property subtype: Retail, Mixed Use

Building Details

Year Built: 1950

We can help!

Listing Contact

Jake Scheloske

Listing agent Jake Scheloske License #PA RS.318016

Listing office Agresti Real Estate

Listing date Feb 18, 2026

Source Crexi

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 Agresti Real Estate

HighLights

4.25‑acre mixed‑use development site in a high‑traffic commercial corridor.
MU‑2 zoning allows for diverse development options (multi‑family, retail, office, medical, etc.).
All utilities are already run across the lot.
Surrounded by established anchors like Wegmans, Chipotle, and Starbucks.
Size and configuration allows for phased or comprehensive development.
Includes existing 9,000 sq. ft. tool and dye shop, a two‑unit residential rental, and a mobile home.

Overview

This premier 4.25-acre mixed-use development site is located at 4912 & 4916 W Ridge Rd in Millcreek. Positioned along a heavily traveled commercial corridor, the property offers visibility, accessibility, and long-term redevelopment potential. The MU-2 zoning allows for a spectrum of development possibilities including multi-family residential, retail, office, service, medical, or integrated mixed-use concepts. All utilities are already run across the lot. The size and configuration of the parcel allow for phased development or a single comprehensive project. The property is surrounded by established anchors like Wegmans, Chipotle, Starbucks, PNC, and Erie Insurance, as well as other ongoing development. Currently on the property is a 9,000 sq. ft. tool and dye shop built in 1980, a two-unit residential rental, and a mobile home. The property size is 9,131 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$164.4k	$18.00
− Vacancy	−$17.3k	−$1.89
EGI	$147.1k	$16.11
− OpEx	−$44.1k	−$4.83
NOI	$103.0k	$11.28

9,131 SF · lease $18.00/SF/yr · vacancy 10.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.47M

$1.29M – $1.72M (±1% cap)

NOI $102,970 @ 7.0% cap · market cap 8.58%

Second Best

Mixed Use

$1.32M

$1.16M – $1.54M (±1% cap)

NOI $92,451 @ 7.0% cap · market cap 7.70%

Theoretical Best

Office A

$2.27M

$1.98M – $2.64M (±1% cap)

NOI $158,573 @ 7.0% cap · market cap 13.21%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Erie
County: Erie
State: Pennsylvania
Longitude: -80.18639
Latitude: 42.069828

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For sale
Commercial land
PA
Erie
16506
4912 & 4916 W Ridge Road

What type of property is this?

Commercial land - 4.25-acre site with high visibility and redevelopment potential.

Where is this commercial land located?

The property is located at 4912 & 4916 W Ridge Road Erie, PA.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: 4.25‑acre mixed‑use development site in a high‑traffic commercial corridor.; MU‑2 zoning allows for diverse development options (multi‑family, retail, office, medical, etc.).; All utilities are already run across the lot.