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    3703 Ridge Rd Erie, PA 16506

    Sponsored
    For Sale
    $360,000

    Mixed-use office building, 3,664 sq ft

    Property size:
    3,664 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional three-story commercial building, situated at 3703 West Ridge Rd in Erie, Pennsylvania, presents a compelling investment opportunity. Built in 1927, the property boasts 3,664 square feet of space on a 0.42-acre lot and is zoned MU-2, offering versatile usage potential. The building features 14 parking spaces, a significant advantage in a high-traffic area. Currently available for sale at $360,000, this property also offers lease options at $10.05 per square foot, NNN, for 2,678 square feet of rentable space. A move-in date of November 2024 is anticipated. The strategic location on West Ridge Rd in Erie County, PA (zip code 16506) ensures high visibility and accessibility, with daily vehicle traffic exceeding 17,000. This single-tenant building presents a rare chance to acquire a well-positioned commercial property in a thriving area. The property's size and zoning provide flexibility for a variety of business ventures. Serious inquiries are encouraged to explore this promising investment or lease opportunity.

    Property Features for 3703 Ridge Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,664 SF
    Lot Size
    18,295 SF

    Building Details

    Year Built
    1927

    HighLights

    • $360,000 asking price for this mixed‑use, traditional office building.
    • 3,664 square feet on a 0.42‑acre lot.
    • 14 parking spaces.
    • Built in 1927, with MU‑2 zoning.
    • Single‑tenant occupancy; NNN lease available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.1596765
    Latitude
    42.0799974

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    FAQs

    What type of property is this?
    Office Property / Space - Mixed-use office building, 3,664 sq ft
    Where is this office property / space located?
    The property is located at 3703 Ridge Rd Erie, PA.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: $360,000 asking price for this mixed-use, traditional office building.; 3,664 square feet on a 0.42-acre lot.; 14 parking spaces.
    Request Owner's contact information
    3703 Ridge Rd Erie, PA 16506
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3703 Ridge Rd Erie, PA 16506
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