Storefront Property with
For Sale
Contact for pricing
105 West Main Street, North East, PA 16428
Open-plan commercial space with C-1 zoning and two existing drive-thru windows.
Property Size792 SF
Price / SF$410.35
Days on Market9
Property Features for 105 West Main Street
General Information
Standard status
Active
Size
792 SF
Class
B
Property subtype
Retail, Office
Zoning
C-1
Lease Type
NNN
Additional Details
Drive-Thru
Yes
Building Details
Year Built
1970
Units
1
Tenancy
Single
Listing Agency:
Sander Land & Home Realty
(814) 964-3200
Listed By:
Ryan Sander · License #RB069727
Source:
Crexi
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 9 at 5:32PM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,131
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 3.42%
Second Best
Retail
$127.6K
$111.6K – $148.9K
NOI $8,931 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$196.5K
$171.9K – $229.2K
NOI $13,754 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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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 West Main Street North East, PA.
What is the asking price?
The asking price for this property is $325,000.
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
