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Retail Investment Opportunity
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1702 Wagner Avenue, Erie, PA 16510

Retail property offered for sale with a stated 7.18% capitalization rate.

Property Size53,000 SF
Days on Market125

Property Features for 1702 Wagner Avenue

General Information

Standard status Active
Size 53,000 SF
Property subtype Retail, Industrial

Additional Details

Cap Rate 7.18%
Listing Agency: Marcus & Millichap - San Diego
Listed By: Phil Sambazis · License #01474991
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 23 at 12:18PM

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 Marcus & Millichap - San Diego

Investment Insights

Based on property information with market context.

This for-sale retail property is presented with a stated 7.18% capitalization rate and totals 53,000 SF.

The asset is located at 1702 Wagner Avenue in Erie, PA 16510.

The listing package is positioned for investors seeking a retail holding with disclosed performance metrics and a defined overall size.

Key Highlights

  • Retail property for sale with a stated 7.18% cap rate
  • Stated size: 53,000 SF
  • Asset type: retail

Property Analytics

Current Use

ABC Supply Co., ... Big Box & Wholesale Store

Suggested Use

Top Pick Law Firm Dental Office Hair Salon Restaurant Spa & Massage Center Pharmacy

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

Location Intelligence

Trade Area within ½ mile

299
Businesses Nearby
32k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 93% Electronics 5% Home Improvements & Furnishings 3%
Citgo Shops & Services
13,154 visits/mo 0.4 miles
Country Fair Shops & Services
9,946 visits/mo 0.4 miles
Dollar General Shops & Services
6,718 visits/mo 0.2 miles
Cricket Wireless Authorized Retailer Electronics
1,496 visits/mo 0.4 miles
Aaron's Home Improvements & Furnishings
812 visits/mo 0.3 miles

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

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail property offered for sale with a stated 7.18% capitalization rate.
Where is this retail space located?
The property is located at 1702 Wagner Avenue Erie, PA.
What are key features of this property?
This property features: Retail property for sale with a stated 7.18% cap rate; Stated size: 53,000 SF; Asset type: retail
(858) 373-3100 Call to check price and availability
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