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Edgewood Place Office Space Available
For Lease
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3123 W 12th St, Erie, PA 16505

1,452± SF office space for lease in Erie, PA.

Space Size1,452 SF - 2,303 SF
Property Size7,304 SF
Days on Market1727

Property Features for 3123 W 12th St

General Information

Standard status Active
Size 1,452 SF - 2,303 SF
Class B
Total Parking Spaces 42
Property subtype Retail, Office
Lease Type NNN

Building Details

Building Size 7,304 SF
Year Built 2002
Tenancy Multiple

Spaces For Lease

at 3123 W 12th St Contact us

Suite C

Size
1,452 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us

Suite B

Size
2,303 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: SBRE - Sherry Bauer Real Estate
Listed By: Sherry Bauer · License #PA RM422666
Source: Crexi
Added: Dec 6, 2021 Changed: Aug 16 Last Checked: Aug 29 at 2:08AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SBRE - Sherry Bauer Real Estate

Investment Insights

Based on property information with market context.

Available for lease is a 1,452± SF office space located at Edgewood Place. The space was formerly a medical office and features a waiting area, a reception area with a window, three exam rooms, a large office with an en-suite restroom, an ADA-compliant restroom, and a storage closet. A 3D tour and floor plan are available. The landlord is offering tenant incentives for paint and flooring. The property benefits from excellent signage and visibility, with an average daily traffic count of 18,000 (PennDOT – 2023 count year). Abundant parking is available. Zoned MU-2, Corridor Mixed Use, in Millcreek Township, the property offers many potential uses, including retail and office space. The lease rate is $14.00/SF/YR, plus CAM and utilities. The CAM is estimated at $3.80/SF based on 2024. The tenant pays approximately $2,154/month (base rent and CAM) plus utilities. Edgewood Place is also home to Key Note Guitar, Pearson Professional Center, and Trilogy Wellness.

Key Highlights

  • Excellent signage and visibility with 18,000 average daily traffic.
  • Tenant incentives offered for paint & flooring allowance.
  • Flexible zoning (MU‑2) allows for retail, office, and other uses.

Property Analytics

Current Use

Pearson Professional Center Training Center Edward E. Janus, ... Physician Burns & Burns - Paul ... Insurance Agency Edgewood Place Shopping Center & Mall Key Note Guitar ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Furniture & Home Goods Storage Facility Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

$14 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

459
Businesses Nearby
Well-served
Demand for This Use

Demographics for 16505, PA

16,437
Population
8,407
Households
2
Avg Household Size
49
Median Age
45%
College-Educated
96%
High-School Grad
11.7 sq mi
ZIP Area
1,405
Density / Sq Mi
$71,370
Median Household Income
$45,793
Median Earnings
$871
Median Rent
$196,600
Median Home Value

Market

Lease Benchmarks for Erie, PA

$14.41 /SF/Yr
Avg Asking Price
$12–$17.35 /SF/Yr
Price Range
3,030 SF
Avg Space Size

This space is priced 3% below the average of $14.41 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - 1,452± SF office space for lease in Erie, PA.
Where is this medical office space located?
The property is located at 3123 W 12th St Erie, PA.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Excellent signage and visibility with 18,000 average daily traffic.; Tenant incentives offered for paint & flooring allowance.; Flexible zoning (MU‑2) allows for retail, office, and other uses.
(814) 453-2000 Call to check price and availability
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