1009 E 38TH Street, Erie, PA 16504
- Added:
- May 15, 2026
- Days on Market:
- 49
- Last Refresh:
- Jul 2 at 5:06 pm
Property Features for 1009 E 38TH Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 16
- Standard status
- Active
- APN
- 18-052-003.0-218.00
- Size
- 3,072 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 19920
- Expense value
- 15000
- Expense
- SecurityDeposit
- Expense freq.
- One Time
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1997
- Building materials
- Brick, Mixed
Listing agent Alina Kotok License #RS379420 (814) 881-5605
Listing office Coldwell Banker Select - Peach 2961 Peach St, Erie, PA (814) 453-4578
Listing date May 15, 2026
Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Approx. 3,000 SF commercial space with flexible layout for office, medical, retail, or professional use
- Secure vault on‑site, plus a central office space and 10 individual offices
- Multiple bathrooms and showers, including a freshly painted basement for additional storage or workspace
- Built in 1997 with brick/mixed construction, central air, and forced‑air natural gas heat
- Public water and public sewer service
- High‑visibility site with convenient turn‑in access and bus stop across the street near Mercyhurst University and VA Medical Center
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.3k | $22.56 |
| − Vacancy | −$15.7k | −$5.10 |
| EGI | $53.6k | $17.46 |
| − OpEx | −$13.4k | −$4.37 |
| NOI | $40.2k | $13.10 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Erie
- County
- Erie
- State
- Pennsylvania
- Longitude
- -80.088843
- Latitude
- 42.09369
