$1,899,900.00
502/506 STATE St, ERIECITY PA 16501
0 | 6.00 | 15948 ft2
Investment 5+ Unit
April 2, 2026, 1:23 p.m.
Positioned in the heart of downtown Erie, this exceptional mixed-use property presents a rare opportunity to own a fully revitalized asset rich in character and income potential. Registered in the National Registry of Historic Buildings, the property offers access to valuable grants and tax incentives, enhancing long-term returns. Thoughtfully redeveloped in 2021, the building blends historic charm with modern updates throughout. The property features six total units, including two established retail tenants on the first floor, providing immediate cash flow and strong street presence. Upper levels offer move-in ready space ideal for office or residential use, along with additional square footage ready for build-out—creating significant upside for added value. Ideal for investors or owner-operators seeking a turnkey opportunity with expansion potential in a prime downtown location.
Listed by: Jake Scheloske , Agresti Real Estate (814) 459-9400
Source: MLS#: 190226; Originating MLS: Greater Erie Board of Realtors
| Directions | On the Southwest corner of 5th and State Streets |
| Year Built | 1858 |
| Area | 2 - Erie Northwest |
| Road Surface | Paved Public |
| Water | Public |
| School Districts | City-Erie |
| Building Information | Existing Structure |
| Construction | Block,Brick |
| Fuel Type | Gas |
| Roof Description | Rubber |
| Heating Type | Forced-Air |
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