Conventional Restaurant
For Sale
$699,900
Pending
3505 W 26TH Street, Erie, PA 16506
CommercialSale, Erie, PA
Property Size3,471 SF
Lot Size0.77 Acres
Days on Market178
Property Features for 3505 W 26TH Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
MU
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking
42
Lot features
Mineral Rights
Elementary school district
Millcreek
Middle school district
Millcreek
High school district
Millcreek
Directions
West 26th St to the corner of Loveland Avenue.
Subdivision
6 - Millcreek S of W26
Standard status
Pending
APN
33-069-256.0-027.00
Size
3,471 SF
Lot size
0.77 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11143
Expense value
25000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1970
Building materials
Brick
Listing Agency:
Coldwell Banker Select - Airport · Coldwell Banker Real Estate
(814) 838-2299
Listed By:
Jenn Hills · License #RS288606
(814) 572-0705
Added: Apr 17
Changed: Oct 2
Last Checked: Oct 11 at 10:06PM
MLS# 190440
Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,471-square-foot brick commercial building occupies 0.77 acres and is currently configured for a Mexican bakery operation; the business itself is not included. The interior includes 150 square feet of office space, two bathrooms, and a flexible layout, with some equipment included in the sale. Natural gas forced-air heating, central air conditioning, public water, and public sewer serve the property.
Located at 3505 W 26TH Street in Erie, the property is positioned in an area reporting approximately 20K/24Hr traffic. MU-2 mixed-use zoning supports a range of commercial concepts, subject to applicable requirements. Built in 1970, the building offers a brick exterior and an existing commercial configuration for a future owner or occupant to adapt.
Located at 3505 W 26TH Street in Erie, the property is positioned in an area reporting approximately 20K/24Hr traffic. MU-2 mixed-use zoning supports a range of commercial concepts, subject to applicable requirements. Built in 1970, the building offers a brick exterior and an existing commercial configuration for a future owner or occupant to adapt.
Key Highlights
- 3,471 square feet on 0.77 acres
- MU‑2 mixed‑use zoning
- Approximately 20K/24Hr traffic area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,781
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,620
$975.6K
Cap Rate 7%
$696,871
$696.9K
Cap Rate 9%
$542,011
$542.0K
Market Conditions
NOI Build-Up for 3,471 SF
Gross rent
$67.9K $19.56/SF
− Vacancy
−$2.9K −$0.82/SF
EGI
$65.0K $18.74/SF
− OpEx
−$16.3K −$4.68/SF
NOI
$48.8K $14.05/SF
Area
Erie County, PA
Vacancy
4.20%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,620
Cap Rate 7%
$696,871
Cap Rate 9%
$542,011
Alternative Uses
Best Use
Specialty Retail
$696.9K
$609.8K – $813.0K
NOI $48,781 @ 7.0% cap · market cap 6.97%
Second Best
Retail
$559.2K
$489.3K – $652.4K
NOI $39,142 @ 7.0% cap · market cap 5.59%
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
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Open Analytics
Current Use
Lease Details
20,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 22%
Apparel 15%
Dunkin' Donuts
Dining
6,121 visits/mo
0.5 miles
Talbots
Apparel
1,418 visits/mo
0.4 miles
Monro Auto Service and Tire Centers
Shops & Services
1,133 visits/mo
0.3 miles
PostNet
Shops & Services
967 visits/mo
0.4 miles
Demographics for 16506, PA
23,918
Population
10,309
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
96%
High-School Grad
13.6 sq mi
ZIP Area
1,759
Density / Sq Mi
$84,021
Median Household Income
$47,823
Median Earnings
$1,176
Median Rent
$224,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Flexible commercial layout with MU-2 mixed-use zoning and select equipment included in the sale.
Where is this conventional restaurant located?
The property is located at 3505 W 26TH Street 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: 3,471 square feet on 0.77 acres; MU‑2 mixed‑use zoning; Approximately 20K/24Hr traffic area
