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Retail Space with Open Sales Floor
For Lease
$18 SF/Yr CAM $4.06 /USD/SF/YR

713-709 W 38th St, Erie, PA 16508

Liberty Center II includes an ADA restroom and convenient access along a bus route.

Space Size1,422 SF
Days on Market779

Property Features for 713-709 W 38th St

General Information

Standard status Active
Size 1,422 SF
Net Rentable 1,422 SF
Lease Type NNN

Space & Availability

Available Space 1,422 SF
Contiguous Space 1,422 SF
Space Use Retail

Lease Terms

Lease Rate $18 /USD/SF/YR
Total Rate $2,614
Monthly Rent $2,133
Rent per SF/Year $18
CAM $4.06 /USD/SF/YR

Amenities

ADA restroom
bus route
Listing Agency: SBRE - Sherry Bauer Real Estate Services
Listed By: Sherry Bauer · License #RM422666
Source: Exprealty
Added: Jul 15, 2024 Changed: Aug 30 Last Checked: Aug 31 at 7:46PM

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 SBRE - Sherry Bauer Real Estate Services

Investment Insights

Based on property information with market context.

The 1,422 SF retail suite at Liberty Center II features an open sales floor, a rear room, and an ADA restroom. The layout provides a straightforward configuration for retail or mixed-use occupancy, with signage opportunities along the property’s visible commercial frontage.

Located at 713-709 W 38th St in Erie, PA, the space sits along a busy corridor near major local thoroughfares and a bus route. PennDOT’s 2022 traffic counts report 21,000 AADT on Peach Street and 19,000 AADT on W. 38th Street. The lease is structured as NNN, with estimated NNN fees based on 2023 figures.

Key Highlights

  • 1,422 SF retail suite at Liberty Center II
  • Open sales floor with rear room and ADA restroom
  • 21,000 AADT on Peach Street per PennDOT’s 2022 count

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant HVAC Service Gym & Fitness Center Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

752
Businesses Nearby
234k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 38% Shops & Services 37% Groceries 19% Home Improvements & Furnishings 5%
Tops Friendly Markets Groceries
35,432 visits/mo 0.1 miles
Sheetz Shops & Services
29,109 visits/mo 0.1 miles
McDonald's Dining
28,133 visits/mo 0.4 miles
Dollar Tree Shops & Services
19,381 visits/mo 0.1 miles
Country Fair Shops & Services
18,432 visits/mo 0.1 miles

Demographics for 16508, PA

15,172
Population
7,385
Households
2.1
Avg Household Size
40
Median Age
28%
College-Educated
93%
High-School Grad
2.8 sq mi
ZIP Area
5,419
Density / Sq Mi
$52,361
Median Household Income
$36,209
Median Earnings
$852
Median Rent
$121,800
Median Home Value

Market

Lease Benchmarks for Erie, PA

$14.25 /SF/Yr
Avg Asking Price
$6.75–$39 /SF/Yr
Price Range
3,743 SF
Avg Space Size

This space is priced 26% above the average of $14.25 /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
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Frequently Asked Questions

What type of property is this?
Retail space - Liberty Center II includes an ADA restroom and convenient access along a bus route.
Where is this retail space located?
The property is located at 713-709 W 38th St Erie, PA.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: 1,422 SF retail suite at Liberty Center II; Open sales floor with rear room and ADA restroom; 21,000 AADT on Peach Street per PennDOT’s 2022 count
More about this property
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