Storefront Property with
For Sale
$299,000
105 W Main St, North East, PA 16428
Open-plan commercial space with C-1 zoning and two existing drive-thru windows.
Property Size792 SF
Price / SF$377.53
Days on Market72
Property Features for 105 W Main St
General Information
Standard status
Active
Size
792 SF
Additional Details
Drive-Thru
Yes
Taxes and HOA fees
Annual Taxes
$3,384
Building Details
Tenancy
Single
Listing Agency:
Sander Land & Home Realty
(814) 964-3200
Listed By:
Ryan Sander · License #RB069727
(814) 528-3647
Source:
Exprealty
Added: Aug 3
Changed: Oct 6
Last Checked: Oct 12 at 10:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sander Land & Home Realty
Investment Insights
Based on property information with market context.
This storefront property at 105 West Main Street includes an open interior configuration, two drive-thru windows, and a parcel measuring nearly a quarter acre. The building was constructed in 1970 and is zoned C-1. Its former Rite Aid use provides established context for a commercial retail setting, while the layout can be reconfigured for a new occupant’s needs.
The property is situated on Main Street in North East, Pennsylvania, with Burger King, Sanders Markets, and First National Bank identified among the surrounding co-tenants. The site is also available for lease, providing flexibility for either a sale or lease transaction.
The property is situated on Main Street in North East, Pennsylvania, with Burger King, Sanders Markets, and First National Bank identified among the surrounding co-tenants. The site is also available for lease, providing flexibility for either a sale or lease transaction.
Key Highlights
- Two existing drive‑thru windows
- Nearly a quarter‑acre parcel on Main Street
- C‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,131
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,620
$222.6K
Cap Rate 7%
$159,014
$159.0K
Cap Rate 9%
$123,678
$123.7K
Market Conditions
NOI Build-Up for 792 SF
Gross rent
$15.5K $19.56/SF
− Vacancy
−$651 −$0.82/SF
EGI
$14.8K $18.74/SF
− OpEx
−$3.7K −$4.68/SF
NOI
$11.1K $14.05/SF
Area
Erie County, PA
Vacancy
4.20%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,620
Cap Rate 7%
$159,014
Cap Rate 9%
$123,678
Alternative Uses
Best Use
Specialty Retail
$159.0K
$139.1K – $185.5K
NOI $11,131 @ 7.0% cap · market cap 3.72%
Second Best
Retail
$127.6K
$111.6K – $148.9K
NOI $8,931 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$196.5K
$171.9K – $229.2K
NOI $13,754 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
46k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 20%
Home Improvements & Furnishings 16%
Citgo
Shops & Services
10,181 visits/mo
0.3 miles
Burger King
Dining
8,416 visits/mo
0.1 miles
Stetson Brothers Ace Hardware
Home Improvements & Furnishings
6,203 visits/mo
0.5 miles
Circle K
Shops & Services
5,064 visits/mo
0.3 miles
Family Dollar
Shops & Services
4,738 visits/mo
0.2 miles
Demographics for 16428, PA
12,524
Population
5,576
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
92%
High-School Grad
73.6 sq mi
ZIP Area
170
Density / Sq Mi
$77,103
Median Household Income
$40,625
Median Earnings
$758
Median Rent
$188,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Flower Cart — 11 E Main St, North East, PA 16428
Frequently Asked Questions
What type of property is this?
Storefront property - Open-plan commercial space with C-1 zoning and two existing drive-thru windows.
Where is this storefront property located?
The property is located at 105 W Main St North East, PA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two existing drive‑thru windows; Nearly a quarter‑acre parcel on Main Street; C‑1 zoning
