Six-Unit Mixed-Use Storefront
For Lease
$1,899,900
502/506 STATE Street, Erie, PA 16501
COMMERCIAL - Erie, PA
Space SizeContact for details
Lot Size0.15 Acres
Days on Market134
Property Features for 502/506 STATE Street
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning description
C-3
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 5, Bathroom 6, Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 4
Elementary school district
City-Erie
Middle school district
City-Erie
High school district
City-Erie
Directions
On the Southwest corner of 5th and State Streets
Subdivision
2 - Erie Northwest
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
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1858
Building materials
Brick, Masonry
Listing Agency:
Agresti Real Estate
(814) 459-9400
Listed By:
Jake Scheloske · License #RS318016
(814) 449-7973
Added: Apr 2
Changed: Aug 7
Last Checked: Aug 13 at 12:06AM
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.
Investment Insights
Based on property information with market context.
Located at 502/506 State Street in downtown Erie, PA, this mixed-use storefront property was redeveloped in 2021 and is registered in the National Registry of Historic Buildings. The building features six total units, including two established retail tenants on the first floor, supporting immediate street-level presence.
Upper levels provide space described as move-in ready for office or residential use, with additional square footage identified as ready for build-out. Constructed with brick and masonry, the property is served by public water and public sewer. Heating is natural gas forced air, with central air.
Built in 1858 and sited on a 0.1527-acre lot, the property contains 15,948 square feet of total space, offering a blend of historic character and modern updates for an owner-operator or investor seeking both in-place tenancy and space to expand.
Upper levels provide space described as move-in ready for office or residential use, with additional square footage identified as ready for build-out. Constructed with brick and masonry, the property is served by public water and public sewer. Heating is natural gas forced air, with central air.
Built in 1858 and sited on a 0.1527-acre lot, the property contains 15,948 square feet of total space, offering a blend of historic character and modern updates for an owner-operator or investor seeking both in-place tenancy and space to expand.
Key Highlights
- Six total units, including two established retail tenants on the first floor
- Redeveloped in 2021 with modern updates throughout
- Registered in the National Registry of Historic Buildings
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,598
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 16501, PA
2,241
Population
1,468
Households
1.5
Avg Household Size
48
Median Age
23%
College-Educated
85%
High-School Grad
0.7 sq mi
ZIP Area
3,201
Density / Sq Mi
$14,579
Median Household Income
$12,623
Median Earnings
$411
Median Rent
Market
Lease Benchmarks for Erie, PA
$16.76 /SF/Yr
Avg Asking Price
$8–$39 /SF/Yr
Price Range
12,836 SF
Avg Space Size
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Downtown Erie mixed-use storefront building with six units and two first-floor retail tenants, redeveloped in 2021.
Where is this storefront 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: Six total units, including two established retail tenants on the first floor; Redeveloped in 2021 with modern updates throughout; Registered in the National Registry of Historic Buildings
