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    2018 E 38Th St Erie, PA 16508

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    For Lease
    $14 SF/Yr ($1,750 /Mo)

    Mixed-use space near Mercyhurst University, suitable for various businesses.

    Property size:
    1,500 SF
    Lot size:
    2.17 Acres

    Property Features for 2018 E 38Th St

    General Information

    Size
    1,500 SF
    Lot size
    2.17 Acres

    Source: Sherry Bauer Real Estate Services (SBRE) Agent Sherry Bauer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Erie Retail/Office Space Available

    Located near Mercyhurst University, this mixed-use space at College Plaza offers between 1,200 and 2,400 square feet. The property is zoned C-1, Local Commercial District (City of Erie), presenting opportunities for office, retail, restaurant, fitness center, and pet grooming businesses. Current tenants include Dollar Tree, On The Avenue Salon, Sun - Capsule, and Jade Garden. The location benefits from excellent signage and visibility, with an average daily traffic count of 15,000 along E. 38th Street (PennDOT - 2023 Count Year). A paved lot provides approximately 129 off-street parking spaces. The property is available for lease at a rate starting at $13.00 per square foot per year, with NNN expenses estimated at $3.92 per square foot per year based on 2023 figures. Floor plans and 3D tours are available.
    Location Intelligence

    Current Use by Public Records

    On the Avenue Salon Hair Salon Eriesistiblepics Photographer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.11245
    Latitude
    42.085585

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    FAQs

    What type of property is this?
    Office space - Mixed-use space near Mercyhurst University, suitable for various businesses.
    Where is this office space located?
    The property is located at 2018 E 38Th St Erie, PA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - High Traffic Location: 15,000 Average Daily Traffic Along E. 38th Street.; - Abundant Off-Street Parking: 129± Space Paved Lot.; - Versatile Zoning: C-1 Local Commercial District allows for Office, Retail, Restaurant, Fitness Center, Pet Grooming & More.
    (814) 460-2000
    Request Owner's contact information
    2018 E 38Th St Erie, PA 16508
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    Erie, PA 16508
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2018 E 38Th St Erie, PA 16508
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