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Property profile & analytics
FOR LEASE
Office Spaces

10 E 4Th St Erie, PA 16507

38,241 SF Built 1900
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US73-6013197
10 E 4Th St, Erie, PA 16507 For Lease
$15.50 SF/Yr
10 E 4Th St, Erie, PA 16507
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Property summary
AI-generated overview

This exceptional three-story, 83,791 square foot office building, constructed in 1900, presents a unique investment opportunity in Erie's thriving Central Business District. Located on State Street, with convenient access to major thoroughfares, this property boasts 21 suites, offering flexible spaces ranging from 567 to 4,811 square feet, suitable for traditional office, coworking, or creative office uses. The building is undergoing significant exterior and infrastructure improvements under new ownership and management, reflecting a commitment to revitalizing this historic landmark. Its prime location offers unparalleled access to key Erie attractions, including UPMC Hamot, Bayfront/Dobbins Landing, Erie Insurance, the Warner Theatre, UPMC Park, the Erie Art Museum, and Gannon University. The C-3 zoning allows for a variety of commercial uses. This is a chance to be part of the exciting renaissance of Erie's downtown, in a building steeped in history and poised for a bright future. Five spaces are currently available. The property's Erie County location, within the Heart of Erie's Commercial Business District submarket, ensures high visibility and accessibility. The APN is 14-010-003.0-100.65. This is a rare opportunity to secure space in a landmark building undergoing substantial upgrades.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1900
Construction WOOD FRAME
Total area 38,241 SF
Zoning code C3
APN 14-010-003.0-100.65
UPID US73-6013197
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Modern Tool Realty Property Management Company Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$6.24M
CAP Approach CAP
$8.22M
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.24M
Owner & transaction history
Modern Tool Square LLC · 2 yrs held
Modern Tool Square LLC
since 2024
Last sale
$6.2M
7 recorded transactions
2025
Price N/A
2024
$6.2M
2019
Price N/A
2018
Price N/A
2014
Price N/A
2004
$4.2M
1969
Price N/A
Zoning & alternative use
C3 · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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