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Retail Space in Knowledge Park
For Lease
$12 SF/Yr

5350 Technology Dr, Erie, PA 16510

Former Tim Hortons space available for rent on Penn State campus.

Space SizeContact for details
Days on Market758

Property Features for 5350 Technology Dr

General Information

Standard status Active
Listing Agency: Altair Real Estate Services
Listed By: Charles Peters
Source: Exprealty
Added: Jul 15, 2024 Changed: Aug 8 Last Checked: Jul 20 at 3:29PM

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 Altair Real Estate Services

Investment Insights

Based on property information with market context.

This is a 1,000 square foot retail space, formerly occupied by Tim Hortons, located in Knowledge Park on the campus of Penn State Behrend. The base rent is $11 per square foot, with an additional $8 per square foot for CAM charges. The lease is gross, excluding janitorial services and internet. The zoning is designated as "University District."

Key Highlights

  • Located in Knowledge Park on Penn State Behrend campus.
  • 1,000 sq. ft. space (former Tim Hortons).
  • Gross lease (except for janitorial and internet).

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Building Supply Restaurant Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

153
Businesses Nearby

Demographics for 16510, PA

24,515
Population
10,354
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
92%
High-School Grad
33.0 sq mi
ZIP Area
743
Density / Sq Mi
$64,938
Median Household Income
$40,064
Median Earnings
$796
Median Rent
$158,700
Median Home Value

Market

Lease Benchmarks for Erie, PA

$12.74 /SF/Yr
Avg Asking Price
$6.75–$39 /SF/Yr
Price Range
4,137 SF
Avg Space Size

This space is priced 6% below the average of $12.74 /SF/Yr.

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Former Tim Hortons space available for rent on Penn State campus.
Where is this retail space located?
The property is located at 5350 Technology Dr Erie, PA.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Located in Knowledge Park on Penn State Behrend campus.; 1,000 sq. ft. space (former Tim Hortons).; Gross lease (except for janitorial and internet).
More about this property
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