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    1957 Edinboro Rd Erie, PA 16509

    For Lease
    $8 SF/Yr

    Prime Millcreek Mall location, 5,000 sq ft office space for lease.

    Lot size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property, located at 1957 Edinboro Rd, Erie, PA 16509, offers 5,000 square feet of single-tenant office space. Situated on a highly visible 1.95-acre lot with approximately 380 feet of frontage on Edinboro Road, directly across from the Millcreek Mall, this property boasts unparalleled visibility and accessibility. The building, constructed in 1969, is a single-story, 5,000 square foot block structure. The property is zoned C-2 and R-2, offering flexibility for a variety of uses. The asking lease rate is $40,000 per year, NNN. Lease terms and conditions are subject to landlord approval, and a security deposit will be determined. This property also presents a unique investment opportunity, with a sale price of $690,000. The property's location in Erie County, PA, offers easy access to major transportation routes and a thriving commercial district. The parcel's size and zoning provide ample opportunity for expansion or redevelopment. The property's address is further identified by APN 33-167-585.0-002.00 and cross street Interchange Road. Don't miss this chance to secure a prime location in a high-traffic area.

    Property Features for 1957 Edinboro Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,000 SF

    Building Details

    Year Built
    1969
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    5,000 SF
    Rate per SF
    $8

    HighLights

    • 5,000 SF single‑tenant office building on a 1.95‑acre lot.
    • High visibility location across from Millcreek Mall on Edinboro Rd, with approximately 380 feet of frontage.
    • Single‑story building constructed in 1969.
    • C‑2 and R‑2 zoning allows for flexible use.
    • Asking lease rate: $40,000 annually, NNN. Sale price: $690,000.
    • APN 33‑167‑585.0‑002.00, cross street Interchange Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Big Box Rentals ... Self-Storage Facility

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.096006
    Latitude
    42.0644094

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Millcreek Mall location, 5,000 sq ft office space for lease.
    Where is this office property / space located?
    The property is located at 1957 Edinboro Rd Erie, PA.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: 5,000 SF single-tenant office building on a 1.95-acre lot.; High visibility location across from Millcreek Mall on Edinboro Rd, with approximately 380 feet of frontage.; Single-story building constructed in 1969.
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    Erie, PA 16509
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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
    1957 Edinboro Rd Erie, PA 16509
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