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Property profile & analytics

3123 State St Erie, PA 16508

  • Office buildings
  • 4,732 SF
  • 0.20 lot acres
Value Estimation
Last Sale
Mar 04, 2025
$280,000
Location Intelligence
Property ID
US73-5821323
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • S A Wagner Inc / Insurance Agency

Property Details for 3123 State St

Year built
1955
Construction
WOOD
Lot size
0.20 lot acres
Property size
4,732 SF
Zone code
RLB
Property type
Office buildings
APN
18-050-088.0-116.00
APU
18050088011600

Description

This exceptional 4,732 square foot office building in Erie, Pennsylvania, presents a fantastic investment opportunity. Situated on a highly visible 0.2-acre corner lot, the property boasts ample parking with seven spaces in a paved lot. The building features a well-designed layout, offering 2,366 square feet on the main floor and an equally sized 2,366 square foot finished lower level. The main floor includes a welcoming reception area, spacious open workspace, seven private offices, a convenient meeting room, and a fully equipped coffee bar with a sink, complemented by three restrooms. The lower level provides additional flexibility with two offices, open workspace, three storage rooms, a break room, and two more restrooms. The property's RLB zoning allows for a diverse range of uses, including office space, medical facilities, or daycare centers. Excellent signage opportunities further enhance its appeal. A floor plan is available upon request. This property offers a rare combination of size, location, and versatility, making it an ideal choice for a variety of businesses. Don't miss this chance to acquire a prime commercial property in a thriving Erie location.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $270,000
  • CAP approach

    CAP return
    Estimation
    6%
    $360,000
    6.5%
    $345,000
    7%
    $345,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $345,000
    Geo Method
    $355,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $420,000
    Retail
    $405,000
    Mixed-Use
    $320,000
    Hospitality
    $365,000
    Educational
    $330,000
    Residential Income
    $410,000
    Energy
    $420,000
    Income-Based Land
    $345,000
    Food Service
    $360,000

Location Insight

  • Map
  • Local Demand
City
Erie
County
Erie
State
Pennsylvania
Longitude
-80.07
Latitude
42.1073
CBSA code
21500
CBSA name
ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,885
$26,100
$128,600
$154,700
-
$26,100
$128,600
$154,700
More about this property
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