Property profile

717 State St Erie, PA 16501

OFF-MARKET
Office buildings
Property ID
US73-2724490
118,264 SF 0.82 ac lot Built 1971
Entity Owned 1-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Law Firm
  • Insurance Agency
  • Financial Advisor
  • Physician
  • Law Firm Security Service

Location

717 State St Erie, PA 16501-1341
Erie metro Census 100 ERIE, PA METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2024
Last sale
$10.2M
7 recorded transactions
2024
$10.2M
2021
Price N/A
2012
Price N/A
2010
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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