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Property profile & analytics
OFF-MARKET
Retail space

4934 Rdg Rd Erie, PA 16506-1215

2,240 SF 0.94 ac lot Built 1971
Entity Owned ~ Est. High Equity
Property ID
US73-2424552
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1971
Construction WOOD
Total area 2,240 SF
Lot 0.94 ac (40,798 SF)
Zoning code BB
APN 33-042-230.1-018.00
UPID US73-2424552
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
  • Final Finish Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
4934 W Ridge Rd LLC
4934 W Ridge Rd LLC
since 2025
Last sale
$550,000
6 recorded transactions
2025
$550,000
2022
Price N/A
2021
Price N/A
2020
Price N/A
2017
$62,000
1969
Price N/A
Zoning & alternative use
BB · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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