Mixed-Use Building with
For Lease
$1,899,900
502/506 STATE Street, Erie, PA 16501
CommercialLease, Erie, PA
Space SizeContact for details
Lot Size0.15 Acres
Days on Market153
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 4, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 6
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
Natural Gas, Forced Air
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 30
Last Checked: Sep 1 at 9:06PM
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.
This 15,948-square-foot mixed-use building contains six total units, including two established retail occupants at the street level. Upper floors include move-in-ready areas suited to office or residential use, along with additional space available for build-out. The property was redeveloped in 2021 while retaining its brick and masonry construction, and it includes central air, forced-air heating, public water, and public sewer.
Located at 502/506 State Street in downtown Erie, the property is listed in the National Register of Historic Places. Its historic designation, combined with the completed redevelopment and varied unit configuration, adds relevant context for evaluating the building’s commercial and mixed-use layout.
Located at 502/506 State Street in downtown Erie, the property is listed in the National Register of Historic Places. Its historic designation, combined with the completed redevelopment and varied unit configuration, adds relevant context for evaluating the building’s commercial and mixed-use layout.
Key Highlights
- 15,948‑square‑foot mixed‑use building on 0.1527 acres
- Six total units, including two established first‑floor retail tenants
- Upper‑level space supports office or residential use, with additional area for build‑out
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
3,189
Businesses Nearby
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
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Revitalized six-unit property combines established storefront occupancy with adaptable upper-level commercial space.
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: 15,948‑square‑foot mixed‑use building on 0.1527 acres; Six total units, including two established first‑floor retail tenants; Upper‑level space supports office or residential use, with additional area for build‑out
