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1521 State Street

Erie, PA 16501
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Bed 13

Bed

Bath 0

Bath

SqFt28,040

Sqft

Acres0.23

Acre(Lot)

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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $299,900

AD Id : 76022362

MLS Id : 189918

Beds : 13

Lot Size : 0.23 Acre

Living Area Size : 28,040

Year Built : 1921

County : Erie

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Feature Features

  • Bedroom Information

    Total beds: 13
  • Roofing Information

    Rubber
  • Interior Features

    Roof: Rubber
  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1921 Building Area Total: 28040 Construction Materials: Brick, Block Private Pool: No

  • Lot Information

    Lot Dimensions: 73x149x72x149 Main Square Feet: 0.233 Acres Lot Size Acres: 0.233

  • Listing Price Information

    Listing Price: $299900

  • Tax Information

    Parcel Number: 15-020-004.0-103.00 Tax Year: 2026 Annual Tax: $3270

  • Location Information

    Direction: 12th st to state st to south on state to property on left. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
502/506 State Street, Erie, PA, 16501 $1,899,900 -- 6 15,948 15,948 SqFt
38 N Park Row, Erie, PA, 16501 $2,750,000 23 18 13,200 13,200 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Greater Erie Board of REALTORS®, Inc. Information deemed reliable but not guaranteed. Any use of search functions of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Copyright © 2026 Greater Erie Board of REALTORS®, Inc. All rights reserved.

ByOwner last updated this listing 06/15/2026 @ 23:54

MLS: 189918 LISTED BY: Jim Barbour, KW Flagship Realty 814-833-9500 SOURCE: Greater Erie Board of REALTORS

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