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    Property profile & analytics
    OFF-MARKET Estimated value $10,200,000
    Office buildings

    717 State St, Erie, PA 16501-1341

    118,264 SF 0.82 ac lot Built 1971
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US73-2724490
    Property summary
    AI-generated overview

    This exceptional Class A office building, located in Erie's vibrant Central Business District at 717 State Street, offers a diverse range of premium office spaces. Built in 1971 and boasting 118,264 square feet across six stories, this single building provides a sophisticated and efficient work environment. The property features two suites, with three individual spaces currently available, ranging from 800 to 4,500 square feet, catering to businesses of various sizes and needs. The building is zoned C-3 and its APN is 14-010-001.0-122.00. Modern conveniences include elevators. The building's location within the City of Erie submarket offers unparalleled access to the city's amenities and a thriving business community. This property is ideal for businesses seeking a prestigious address and a flexible workspace solution, encompassing executive office, coworking, traditional office, and creative office options. The multiple tenancy structure allows for a diverse and dynamic work environment. This is a rare opportunity to secure prime office space in a highly sought-after location.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Year built 1971
    Total area 118,264 SF
    Lot 0.82 ac (35,597 SF)
    APN 14-010-001.0-122.00
    UPID US73-2724490
    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
    • Marshall Dennehey, P.C. Law Firm
    • Highmark Blue Cross Blue Shield Insurance Agency
    • Magnus Wealth Management Financial Advisor
    • Dr.care Physician
    • Federal Bureau-Investigation Law Firm Security Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $10.20M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $12.06M
    Blend (final) Blend
    $10.20M
    Owner & transaction history
    Erie Indemnity Company · 1 yrs held
    Erie Indemnity Company
    since 2024
    Last sale
    $10.2M
    7 recorded transactions
    2024
    $10.2M
    2021
    2012
    2010
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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