High-Traffic Restaurant with Office
3505 W 26th St Erie, PA 16506
For Sale
$699,900
Pending
A Mexican bakery restaurant for sale in a high-visibility corridor with reported 20K/24hr traffic and mixed-use zoning.
Property Size3,471 SF
Lot Size0.77 Acres
Days on Market102
Property Features for 3505 W 26th St
General Information
Standard status
Pending
Size
3,471 SF
Lot size
0.77 Acres
Listing Agency:
Coldwell Banker Select - Airport
(814) 572-0705
Listed By:
Jenn Hills · License #RS288606
(814) 572-0705
Source:
Exprealty
Added: Apr 17
Changed: Jul 10
Last Checked: Jul 26 at 8:47PM
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 Coldwell Banker Select - Airport
Investment Insights
Based on property information with market context.
This property is currently operating as a Mexican bakery in a restaurant setting, and the sale includes the real estate with some equipment included. The site sits on approximately 0.77 acres and is arranged with a flexible layout that also features about 150 square feet of office space, providing room for a variety of operational setups. Mixed-use zoning (MU-2) allows for multiple future concept types, subject to applicable approvals.
Located at 3505 W 26th St in Erie, PA, the property is described as being in a high-visibility area with approximately 20,000 vehicles per 24 hours. The listing also notes that the business itself is not included in the sale, which may be important for buyers planning to operate under a new concept.
For prospective owners, this combination of restaurant buildout, small office area, and MU-2 zoning can support users seeking an adaptable food-and-beverage or service-oriented footprint. Since the business is excluded, buyers can evaluate equipment inclusions and the existing space plan as they consider their intended use, with the flexibility of the office component for front-facing administration or light customer support needs.
Located at 3505 W 26th St in Erie, PA, the property is described as being in a high-visibility area with approximately 20,000 vehicles per 24 hours. The listing also notes that the business itself is not included in the sale, which may be important for buyers planning to operate under a new concept.
For prospective owners, this combination of restaurant buildout, small office area, and MU-2 zoning can support users seeking an adaptable food-and-beverage or service-oriented footprint. Since the business is excluded, buyers can evaluate equipment inclusions and the existing space plan as they consider their intended use, with the flexibility of the office component for front-facing administration or light customer support needs.
Key Highlights
- Mexican bakery restaurant for sale in a high‑visibility corridor with approximately 20K/24‑hr traffic
- Business is not included in the sale
- Property sits on 0.77 acre with mixed‑use zoning (MU‑2)
Financial Insights For Specialty Retail
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 | $67.9k | $19.56 |
| − Vacancy | −$2.9k | −$0.82 |
| EGI | $65.0k | $18.74 |
| − OpEx | −$16.3k | −$4.68 |
| NOI | $48.8k | $14.05 |
3,471 SF · lease $19.56/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$696.9K
$609.8K – $813.0K
NOI $48,781 @ 7.0% cap · market cap 6.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$861.1K
$753.5K – $1.00M
NOI $60,279 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A Mexican bakery restaurant for sale in a high-visibility corridor with reported 20K/24hr traffic and mixed-use zoning.
Where is this conventional restaurant located?
The property is located at 3505 W 26th St Erie, PA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Mexican bakery restaurant for sale in a high‑visibility corridor with approximately 20K/24‑hr traffic; Business is not included in the sale; Property sits on 0.77 acre with mixed‑use zoning (MU‑2)
