Available For Sale - Retail

19,868 SF | Show Pricing $

LISTED BY

Sherry Bauer
SBRE - Sherry Bauer Real Estate, 814-453-2000

AVAILABILITY DETAILS

Size
19,868 SF
Price/SF
Show Pricing $
Listing ID
SA558139
Notes
Own College Plaza, a 7-unit strip plaza near Mercyhurst University with immense upside potential. 19,868± SF center with 19,400± SF rentable area. Built in 1987 with public utilities. Situated on 2.182± acre corner lot along public bus route with curb cuts from both streets. 288’ Frontage along E. 38th Street with 15,000 average daily traffic (PennDOT - 2023 count year) & 330’ frontage along McCain Avenue. 129± parking spaces in private lot. Tenant mix includes Dollar Tree, On The Avenue Salon, Sun Capsule (tanning salon) & Jade Garden (Chinese restaurant). Within 1 mile of major retailers: Taco Bell, Dollar General, Tops Friendly Markets, McDonalds, Walmart, Marco’s Pizza, Subway, Cost Cutters, Widget Financial & more. Zoned C-1, Local Commercial District (City of Erie), offering many potential uses: office, retail, restaurant, fitness center, pet grooming & more. 87.6% Occupancy. $175,772 Pro-forma NOI – offered At 10.8% pro-forma cap rate. Contact the listing broker for additional information.
Uses
Retail

Other Availability in this Property

Space/Suite Square Feet Type Uses Asking Rent/Price
19,868 SF Lease Retail $TBD chevron_right
Space/Suite
 
Square Feet
19,868 for lease
Uses
Retail
Asking Rent/Price
$TBD

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Sherry Bauer, SBRE - Sherry Bauer Real Estate
BRE# RM422666