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2018-2028 E 38th St
Erie, PA 16510
College Plaza · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Own College Plaza, A 7-Unit Strip Plaza Near Mercyhurst University
  • Built in 1987 With Public Utilities & 129 Car Parking Lot
  • 79.9% Occupancy - Upside Potential
  • 19,868± SF Center With 19,400± SF Rentable Area
  • Tenant Mix: Dollar Tree, On The Avenue Salon, Sun Capsule & Jade Garden
  • $175,772 Pro-Forma NOI – Offered At 10.8% Pro-Forma Cap Rate

PROPERTY FACTS

Property Type
Retail
Building Size
19,868 SF
Building Class
B
Year Built
1987
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
2.18 AC
Zoning
C-1 - Zoned C-1, Local Commercial District (City of Erie), Offering Many Potential Uses: Office, Retail, Restaurant, Fitness Center, Pet Grooming & More
Parking
129 Spaces (6.49 Spaces per 1,000 SF Leased)
Frontage
288’ on E 38th Street

AMENITIES

  • Corner Lot
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18-051-062.0-100.00
Land Assessment
$285,100
Improvements Assessment
$524,900
Total Assessment
$810,000
  • Listing ID: 33949988

  • Date on Market: 11/21/2024

  • Last Updated:

  • Address: 2018-2028 E 38th St, Erie, PA 16510

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