1213 W 38TH Street, Erie, PA 16508
First-floor office space with flexible zoning and added storage in a high-traffic Erie location.
- Added:
- Jun 17, 2026
- Days on Market:
- 22
- Last Refresh:
- Jun 24 at 4:30 am
Property Features for 1213 W 38TH Street
General Information
- Standard status
- Active
- Size
- 1,018 SF
- Lot size
- 0.14 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1951
Listing office SBRE - Sherry Bauer Real Estate (814) 453-2000
Listing date Jun 17, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of SBRE - Sherry Bauer Real Estate
HighLights
- 1,018± SF office building with first‑floor reception, open office, 3 offices, and restroom, plus 416± SF second‑floor office space
- Full 733± SF basement provides additional storage space
- Forced air gas heat and central air conditioning throughout
- Multiple upgrades include new metal roof (2021), furnace (2019), hot water tank (2021), and electric panel (2022)
- 0.1435± acres with 50' frontage on W. 38th Street and off‑street parking for up to 10 vehicles
- Zoned C‑1 (Local Commercial) in the City of Erie; zoning permits office, retail, day‑cares, pet grooming, and more
Overview
The building is located along a high-traffic corridor in a walkable community, with 14,000 average annual daily traffic per PennDOT’s 2024 count year. The property sits on 0.1435 acres and features 50 feet of frontage along W. 38th Street, along with off-street parking for up to 10 vehicles.
Zoned C-1, Local Commercial in the City of Erie, the property allows a range of uses beyond traditional office, including office, retail, day-cares, and pet grooming, among other permitted options. With forced air gas heat and central air conditioning throughout, updated building systems including a new metal roof in 2021, a furnace in 2019, hot water tank in 2021, and an electric panel in 2022, the layout is well-suited for professional services that benefit from multiple office rooms and on-site storage.
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 | $23.0k | $22.56 |
| − Vacancy | −$5.2k | −$5.10 |
| EGI | $17.8k | $17.46 |
| − OpEx | −$4.4k | −$4.37 |
| NOI | $13.3k | $13.10 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Erie
- County
- Erie
- State
- Pennsylvania
- Longitude
- -80.03952
- Latitude
- 42.111954
