4934 Rdg Rd Erie, PA 16506-1215
This exceptional 2,240 square foot commercial building, situated on a 1.66-acre lot in Erie, Pennsylvania, presents a unique investment opportunity. Boasting 177 feet of frontage along West Ridge Road, this property enjoys high visibility with an average daily traffic count of 17,554 (MPSI 2022). Its strategic location places it near major retailers including Wegmans, Lowe's, Walmart, Sheetz, Marco's Pizza, ErieBank, and a soon-to-open Starbucks. The building, constructed in 1971 and completely renovated in 2020, features two levels, each approximately 1,120 square feet. The main floor offers a reception area, open workspace, private office, break room with a full kitchen, a workroom, and an ADA-compliant restroom. The lower level includes a drive-in overhead door, two large storage rooms, a smaller storage room, a utility room, and a restroom with a shower. Ample parking is available in front and rear lots. The property's MU-2 zoning, designating it as a Corridor Mixed-Use District, allows for a variety of uses, including retail, professional services, light industrial, manufacturing, convenience store, bar/restaurant, and mixed-use (residential/commercial) developments. Private utilities are in place. A 3D tour and floor plans are available upon request. The asking price is $575,000, translating to $256.70 per square foot. This single-unit, Class C building presents a compelling opportunity for owner-users seeking a versatile and well-located commercial space. The APN is 33-042-230.1-018.00 & -017.00.
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Final Finish Production Facility
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
BB · Erie, PAErie. Always verify with local authorities before improvements.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.