1521 State St, Erie, PA, 16501
About This Home
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.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1921
Materials
- Roof: Rubber
- Construction materials: Brick,Block
Type & Style
- Home type: MultiFamily
- Architectural style: See Remarks
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating & Cooling
- Heating features: Forced Air,Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 28,040
- Total interior livable area: 28,040 sqft
Property
Details
- Parcel number: 15020004.0103.00
- Zoning description: C-2
Lot
- Lot size: 10,149 sqft
- Lot size dimensions: 73 x 149 x 72 x 149
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Pennsylvania Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,516 | $18,192 |
| Home Insurance * | $423 | $5,076 |
| Property Taxes | $379 | $4,548 |
| Electricity | $3,076 | $36,917 |
| Total | $5,394 | $64,728 |
Income You'd Need if You Spent...
Pennsylvania FAIR Plan Programs
Insurance Placement Facility of Pennsylvania/FAIR Plan
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-09 | Listed for sale | $299,900 |
| 2026-02-01 | Listing removed | $299,900 |
| 2025-12-03 | Listed for sale | $299,900 |
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