Welcome to a rare mixed-use investment opportunity located in the heart of Erie’s bustling commercial corridor. With over 28,000 square feet of space ready for your vision, this high-exposure property is ideal for retail, redevelopment, or creative adaptive reuse. The ground floor features three retail storefronts along high-traffic State Street. One storefront is turnkey and ready to open, the second is partially built out, and the third offers a blank canvas for customization. Each offers street presence, signage opportunity, and solid foot traffic. Added functionality includes a roll-up garage door and ramp access, perfect for indoor parking, deliveries, or future flex space use. Upstairs, the building houses several former apartments waiting to be brought back to life whether as market-rate housing, short-term rentals, or ??. The structure, scale, and location offer unlimited potential for the visionary investor or entrepreneur. Eligible for Pennsylvania CRIZ tax capture financing.
For sale
Price cut: $50K (8/26)
$249,900
1521 State St, Erie, PA 16501
2beds
1baths
28,040sqft
Multi Family
Built in 1921
-- sqft lot
$-- Zestimate®
$9/sqft
$-- HOA
What's special
Roll-up garage doorStreet presenceIndoor parkingRamp accessSignage opportunity
- 236 days
- 132
- 8
Zillow last checked:
Listing updated:
Listed by:
Jim Barbour 610-967-0538,
KW Flagship Realty 814-833-9500
Source: GEMLS,MLS#: 189918Originating MLS: Greater Erie Board Of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Forced Air, Gas
Cooling
- Central Air
Interior area
- Total structure area: 28,040
- Total interior livable area: 28,040 sqft
Property
Lot
- Size: 10,149 Square Feet
- Dimensions: 73 x 149 x 72 x 149
Details
- Parcel number: 15020004.0103.00
- Zoning description: C-2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: See Remarks
- Property subtype: Multi Family
Materials
- Brick, Block
- Roof: Rubber
Condition
- Resale
- Year built: 1921
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Erie
Financial & listing details
- Price per square foot: $9/sqft
- Tax assessed value: $80,000
- Annual tax amount: $3,270
- Date on market: 3/9/2026
- Cumulative days on market: 237 days
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$803/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/15/2026 | Listed for sale | $249,900$9/sqft |
Source: GEMLS #189918 Report a problem | ||
| 9/3/2026 | Pending sale | $249,900$9/sqft |
Source: GEMLS #189918 Report a problem | ||
| 8/26/2026 | Price change | $249,900-16.7%$9/sqft |
Source: GEMLS #189918 Report a problem | ||
| 3/9/2026 | Listed for sale | $299,900$11/sqft |
Source: GEMLS #189918 Report a problem | ||
| 2/1/2026 | Listing removed | $299,900$11/sqft |
Source: GEMLS #189004 Report a problem | ||
| 12/3/2025 | Listed for sale | $299,900$11/sqft |
Source: GEMLS #189004 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 16501
Nearby schools
Schools provided by the listing agent
- District: City-Erie
Source: GEMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.