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Property profile & analytics
FOR LEASE
High-rise multifamily apartments

5040 W Ridge Rd Erie, PA 16506

98,338 SF 1.47 ac lot Built 1986
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US73-0641155
Property summary
AI-generated overview

This exceptional office space, located at 5040 W Ridge Rd in Erie, Pennsylvania, offers 2,000 square feet of immediately available space within a larger nine-story building totaling 98,338 square feet. The building, constructed in 1986, boasts a convenient C-1 zoning classification and is situated on West Ridge Road, between Wegmans and Walmart, ensuring high visibility and accessibility. The property features ample off-street parking with 20+ spaces available, and includes elevators for easy access to all floors. This traditional office space is perfect for a variety of businesses seeking a well-maintained and strategically located office environment. The property's APN is 33-042-230.0-030.02, and Erie County taxes are $0.37 per square foot. The building is multi-tenant, offering a collaborative and professional atmosphere. While this listing highlights a 2,000 square foot space, the building offers flexible options ranging from 1,000 to 4,000 square feet, allowing for potential expansion or downsizing to meet specific business needs. The property's prime location and abundant parking make it an ideal choice for businesses seeking a thriving and convenient location in Erie, PA. The zip code is 16506.

Property profile
Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 1986
Construction WOOD
Total area 98,338 SF
Lot 1.47 ac (64,164 SF)
Zoning code DB
APN 33-042-230.0-030.02
UPID US73-0641155
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
  • Liberty Street Surgical Associates: Prylinski Gregory V MD Physician
  • Laparoscopic & General Surgery: Prylinski Gregory V MD Physician
  • P Apartment Building
  • Beth Ann's Therapeutic Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.05M
Blend (final) Blend
$5.11M
Owner & transaction history
Scandinavian Medical Co · 13 yrs held
Scandinavian Medical Co
since 2012
6 recorded transactions
2025
Price N/A
2020
Price N/A
2019
Price N/A
2012
$1.5M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
DB · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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