Revitalized Mixed-Use Historic
502/506 STATE Street, Erie, PA 16501
- Added:
- Apr 2, 2026
- Days on Market:
- 43
- Last Refresh:
- May 14 at 4:06 pm
Property Features for 502/506 STATE Street
General Information
- Property type
- Commercial Lease
- Property subtype
- Other
- Bathrooms
- 6
- Rooms
- Bathroom 5, Bathroom 2, Bathroom 3, Bathroom 6, Bathroom 4, Bathroom 1
- Standard status
- Active
- APN
- 17-040-002.0-104.00
- Size
- 15,948 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 50431
- Expense value
- 50000
- 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
- Year built
- 1858
- Building materials
- Brick, Masonry
Listing agent Jake Scheloske License #RS318016 (814) 459-9400
Listing office Agresti Real Estate 2635 W 26th Street, Erie, PA (814) 459-9400
Listing date Apr 2, 2026
MLS# 189850
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.
HighLights
- Prime downtown Erie location offering a turnkey mixed‑use property with immediate cash flow.
- Registered in the National Registry of Historic Buildings, providing access to valuable grants and tax incentives.
- Fully revitalized in 2021, blending historic charm with modern updates.
- Six total units, including move‑in ready space on upper levels suitable for office or residential use.
- Additional square footage available for build‑out, creating significant upside for added value.
- Ideal for investors or owner‑operators seeking a property with expansion potential.
Overview
Located in downtown Erie, this mixed-use property is a revitalized asset with character and income potential. Registered in the National Registry of Historic Buildings, the property may offer access to grants and tax incentives. Redeveloped in 2021, the building combines historic charm with modern updates. The property features six units, including two established retail tenants on the first floor, providing cash flow and street presence. The upper levels offer move-in ready space suitable for office or residential use, along with additional square footage ready for build-out. The property is situated on a lot of 0.1527 acres and has a property size of 15948 square feet. This property is suitable for investors or owner-operators seeking a turnkey opportunity with expansion potential in a prime downtown location.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Erie
- County
- Erie
- State
- Pennsylvania
- Longitude
- -80.086123
- Latitude
- 42.130121
Nearby Similar for Lease
FAQs
What type of property is this?
Mixed-use property - Downtown Erie mixed-use property with retail and residential/office potential.
Where is this mixed-use property located?
The property is located at 502/506 STATE Street Erie, PA.
What is the lease rate?
The lease rate is $1,899,900.
What are key features of this property?
This property features: Prime downtown Erie location offering a turnkey mixed‑use property with immediate cash flow.; Registered in the National Registry of Historic Buildings, providing access to valuable grants and tax incentives.; Fully revitalized in 2021, blending historic charm with modern updates.
