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Restaurant with Historic Pullman Railcar

4940 PEACH Street, Erie, PA 16509

For Sale
$544,900

CommercialSale, Erie, PA

Property Size8,094 SF
Lot Size0.62 Acres
Price / SF$67.32
Days on Market47

Property Features for 4940 PEACH Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning R-2
Zoning description C-1
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
Parking 50
Elementary school district Millcreek
Middle school district Millcreek
High school district Millcreek
Directions Peach st to Washington Ave. Enter from Peach St Career Concepts driveway or take Washington to Richmond and enter the back.
Subdivision 7 - Millcreek E of I-79
Standard status Active
APN 33-100-436.0-005.01
Size 8,094 SF
Lot size 0.62 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 12902
Expense value 25000
Expense SecurityDeposit
Expense freq. One Time

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Cooling system Wall Unit(s)
Water source Public

Amenities

historic 1922 Pullman railcar
two commercial kitchen areas
separate bar area with seating
spacious lobby
dedicated dinner theater and entertainment space

Building Details

Year built 1980
Building materials Frame
Listing Agency: Agresti Real Estate
Listed By: Danielle Jones-Miglicio · License PA AB069565
Added: Sep 27 Changed: Nov 12 Last Checked: Nov 12 at 7:06PM
MLS# 193296

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.

Rey
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Investment Insights

Based on property information with market context.

The 8,094-square-foot commercial property is configured with potential for two kitchen areas, a separate bar with seating, a lobby, and space for dinner theater or other entertainment. A 1922 Pullman railcar is a distinctive part of the property. The main building was constructed in 1980 and has frame construction, natural gas heat, wall-unit cooling, and public water and sewer.

The offering includes parcels at 4940 Peach Street and 4806 Richmond Street, with a 0.615-acre lot and an 80 x 135 parking lot. The property is zoned R-2.

Key Highlights

  • 8,094‑square‑foot commercial building
  • 1922 Pullman railcar on the property
  • Layout includes potential for two kitchen areas, a separate bar with seating, lobby, and entertainment space

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

ERIE STATION DINNER ... Theater & Performing Art Venue

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Kitchen & Bath Showroom Building Supply Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

563
Businesses Nearby
90k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 49% Dining 47% Beauty & Spa 2% Electronics 2%
McDonald's Dining
28,133 visits/mo 0.5 miles
Citgo Shops & Services
13,600 visits/mo 0.2 miles
Dollar General Shops & Services
9,835 visits/mo 0.2 miles
PNC Bank Shops & Services
7,513 visits/mo 0.1 miles
Perkins Restaurant & Bakery Dining
7,293 visits/mo 0.4 miles

Demographics for 16509, PA

28,005
Population
12,900
Households
2.2
Avg Household Size
44
Median Age
37%
College-Educated
95%
High-School Grad
38.2 sq mi
ZIP Area
733
Density / Sq Mi
$68,880
Median Household Income
$41,143
Median Earnings
$1,074
Median Rent
$207,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Conventional restaurants in Erie, PA

$183 Jul
$128 Aug
$114 Sep
$122 Oct

Properties on Market for Conventional restaurants in Erie

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant-oriented space includes kitchen areas, a bar, a lobby, and dedicated entertainment space.
Where is this conventional restaurant located?
The property is located at 4940 PEACH Street Erie, PA.
What is the asking price?
The asking price for this property is $544,900.
What are key features of this property?
This property features: 8,094‑square‑foot commercial building; 1922 Pullman railcar on the property; Layout includes potential for two kitchen areas, a separate bar with seating, lobby, and entertainment space
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