Leased Industrial Distribution
For Sale
Contact for pricing
1554 E 12th St., Erie, PA 16511
Renovated Old Dominion Freight Line distribution site with a remaining 5-year lease option and landlord responsibilities limited to exterior components.
Property SizeContact for details
Days on Market145
Property Features for 1554 E 12th St.
General Information
Standard status
Active
Property subtype
Industrial
Occupancy
96%
Lease Type
NNN
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Lease Term
60 months
Building Details
Year Renovated
2016
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Kyler Bean · License #TX 646910
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 7:58PM
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 Matthews
Investment Insights
Based on property information with market context.
This leased industrial distribution center was recently renovated by Old Dominion Freight Line, including an additional acre of land development for operations executed in 2016. The agreement includes a brand new 5-year option term from 2016 with one 5-year option remaining, and Old Dominion handles all expenses for day-to-day operations. Landlord responsibilities are limited to the roof, structure, and exterior walls.
The site is located in an established industrial corridor, with access to State Route 20 and Interstates 79, 86, and 90 providing connectivity throughout Pennsylvania. The nearest Old Dominion Freight site referenced in the remarks is over 100 miles away in Tonawanda, NY and Girard, OH.
Surrounding industrial presence includes tenants such as Berry Plastics, GE Transportation, ABF Freight, XPO Logistics, ABC Supply, Zurn Industries, and FedEx Ship Center.
The site is located in an established industrial corridor, with access to State Route 20 and Interstates 79, 86, and 90 providing connectivity throughout Pennsylvania. The nearest Old Dominion Freight site referenced in the remarks is over 100 miles away in Tonawanda, NY and Girard, OH.
Surrounding industrial presence includes tenants such as Berry Plastics, GE Transportation, ABF Freight, XPO Logistics, ABC Supply, Zurn Industries, and FedEx Ship Center.
Key Highlights
- Old Dominion Freight Line distribution site renovated in 2016, including an additional acre for operations
- Tenant has a brand new 5‑year option executed in 2016 with one 5‑year option remaining
- Tenant covers all expenses for day‑to‑day operations; landlord responsibilities limited to roof, structure, and exterior walls
Property Analytics
Property Profile
Current Use
Lease Details
96%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Explore this area
Business Placement
Demographics for 16511, PA
11,347
Population
4,861
Households
2.3
Avg Household Size
43
Median Age
32%
College-Educated
96%
High-School Grad
7.4 sq mi
ZIP Area
1,533
Density / Sq Mi
$71,644
Median Household Income
$41,998
Median Earnings
$871
Median Rent
$162,100
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Distribution center - Renovated Old Dominion Freight Line distribution site with a remaining 5-year lease option and landlord responsibilities limited to exterior components.
Where is this distribution center located?
The property is located at 1554 E 12th St. Erie, PA.
What are key features of this property?
This property features: Old Dominion Freight Line distribution site renovated in 2016, including an additional acre for operations; Tenant has a brand new 5‑year option executed in 2016 with one 5‑year option remaining; Tenant covers all expenses for day‑to‑day operations; landlord responsibilities limited to roof, structure, and exterior walls
