Flex Space With Overhead
New
For Sale
$949,900
8150 HAWTHORN Drive, Summit, PA 16509
CommercialSale, Summit, PA
Property Size12,153 SF
Lot Size2.31 Acres
Price / SF$78.16
Days on Market2
Property Features for 8150 HAWTHORN Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
IND-PARK
Elementary school district
Fort LeBoeuf
Middle school district
Fort LeBoeuf
High school district
Fort LeBoeuf
Directions
Oliver Rd to Hawthorn Drive, Right into Park and property on left.
Subdivision
12 - Summit
Standard status
Active
APN
40-017-073.0-019.16
Size
12,153 SF
Lot size
2.31 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
13445
Expense value
20000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1990
Building materials
Block
Listing Agency:
Coldwell Banker Select - Airport · Coldwell Banker Real Estate
(814) 838-2299
Listed By:
Stephanie Montgomery · License #RS341122
(814) 636-0436
Added: Oct 9
Last Checked: Oct 10 at 3:06AM
MLS# 193666
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 12,153-square-foot flex property occupies 2.31 acres in Baldwin Industrial Park. The block-constructed building was built in 1990 and includes an overhead door, natural gas heat, public water, and public sewer. Its prior use as a training center included welding bays, shop space, and classrooms.
Zoned IP, the property is in Summit, Pennsylvania, and is served by public utilities.
Zoned IP, the property is in Summit, Pennsylvania, and is served by public utilities.
Key Highlights
- 12,153‑square‑foot building on 2.31 acres
- Overhead door
- IP zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,163
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,503,260
$1.5M
Cap Rate 7%
$1,073,757
$1.1M
Cap Rate 9%
$835,144
$835.1K
Market Conditions
NOI Build-Up for 12,153 SF
Gross rent
$115.2K $9.48/SF
− Vacancy
−$7.8K −$0.64/SF
EGI
$107.4K $8.84/SF
− OpEx
−$32.2K −$2.65/SF
NOI
$75.2K $6.18/SF
Area
Erie County, PA
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,503,260
Cap Rate 7%
$1,073,757
Cap Rate 9%
$835,144
Alternative Uses
Best Use
Warehouse
$1.30M
$1.14M – $1.52M
NOI $91,270 @ 7.0% cap · market cap 9.61%
Second Best
Industrial
$1.07M
$939.5K – $1.25M
NOI $75,163 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,054 @ 7.0% cap · market cap 22.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Industrial 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?
Flex space - IP-zoned property with public water and sewer service.
Where is this flex space located?
The property is located at 8150 HAWTHORN Drive Summit, PA.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: 12,153‑square‑foot building on 2.31 acres; Overhead door; IP zoning
