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PNC Bank 901 State St 97,204 SF Office Building Erie, PA 16501 For Sale

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Investment Highlights

  • Approximately $1 billion in deposits
  • Regional headquarter housing multiple PNC divisions
  • Covered parking
  • Position in Erie's Central Business District - flagship location
  • Adjacent to Erie Insurance headquarters, Gannon University, UPMC Hospital, and local governmental offices

Executive Summary

Investment grade opportunity. True NNN. Current Lease term expires July 31, 2029 with potential 4 additional 5-year options through 2049 with 2% annual increases.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
97,204 SF
Building Class
B
Year Built/Renovated
1911/1968
NOI
$780,514
Tenancy
Single
Building Height
8 Stories
Typical Floor Size
12,151 SF
Building FAR
3.01
Lot Size
0.74 AC
Opportunity Zone
Yes
Zoning
Central Commercial - Central Business District
Parking
70 Spaces (0.72 Spaces per 1,000 SF Leased)

Amenities

  • Banking
  • Bus Line
  • Signage

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Finance and Insurance
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

PNC Bank is the primary banking subsidiary of The PNC Financial Services Group, a U.S.-based financial services organization with roots dating back to 1845. The institution originated from the Pittsburgh Trust and Savings Company, founded in Pennsylvania during the mid-19th century, and later evolved through a series of mergers culminating in the formation of PNC Financial Services Group in 1983. PNC Bank provides a broad range of banking and financial services to individuals, businesses, and institutional clients across the United States. The bank operates within diversified business segments that include retail banking, corporate and institutional banking, and asset management. Its service offerings encompass deposit products, lending solutions, treasury management, capital markets services, and wealth management. Over time, PNC has expanded its geographic footprint and capabilities through acquisitions, including National City Corporation in 2008, RBC Bank USA in 2011, and BBVA USA in 2021, which significantly extended its national presence. PNC Bank functions as a regulated national bank and is part of a publicly traded holding company listed on the New York Stock Exchange under the ticker symbol PNC. The organization’s headquarters and primary executive operations are based in downtown Pittsburgh, Pennsylvania.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Finance and Insurance - $9.99 Lorem Ipsum Jan 0000
Walk Score®
Very Walkable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
15-020-001.0-108.00
Land Assessment
$323,400
Improvements Assessment
$8,980,064
Total Assessment
$9,303,464
  • Listing ID: 37598971

  • Date on Market: 9/9/2025

  • Last Updated:

  • Address: 901 State St, Erie, PA 16501

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