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    5040 Ridge Rd Erie, PA 16506

    Sponsored
    For Lease
    $10 SF/Yr

    Prime West Ridge Rd Office, 2,000 SF Available

    Lot size:
    98,338 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional office space, located at 5040 W Ridge Rd in Erie, Pennsylvania, offers 2,000 square feet of immediately available space within a larger nine-story building totaling 98,338 square feet. The building, constructed in 1986, boasts a convenient C-1 zoning classification and is situated on West Ridge Road, between Wegmans and Walmart, ensuring high visibility and accessibility. The property features ample off-street parking with 20+ spaces available, and includes elevators for easy access to all floors. This traditional office space is perfect for a variety of businesses seeking a well-maintained and strategically located office environment. The property's APN is 33-042-230.0-030.02, and Erie County taxes are $0.37 per square foot. The building is multi-tenant, offering a collaborative and professional atmosphere. While this listing highlights a 2,000 square foot space, the building offers flexible options ranging from 1,000 to 4,000 square feet, allowing for potential expansion or downsizing to meet specific business needs. The property's prime location and abundant parking make it an ideal choice for businesses seeking a thriving and convenient location in Erie, PA. The zip code is 16506.

    Property Features for 5040 Ridge Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    98,338 SF
    Total Rate
    86045.75

    Building Details

    Year Built
    1986
    Stories
    9

    Unit(s) available at that property

    Space
    Office
    Size
    2,000 SF
    Rate per SF
    $10
    Property Profile Location Intelligence

    Current Use by Public Records

    Liberty Street Surgical ... Doctor Laparoscopic & General Surgery: ... Doctor P Apartment Building Beth Ann's Therapeutic ... Massage Therapist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.18951791
    Latitude
    42.06835687

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    FAQs

    What type of property is this?
    Office Property / Space - Prime West Ridge Rd Office, 2,000 SF Available
    Where is this office property / space located?
    The property is located at 5040 Ridge Rd Erie, PA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    Request Owner's contact information
    5040 Ridge Rd Erie, PA 16506
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    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
    5040 Ridge Rd Erie, PA 16506
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