Retail Showroom with Storefront
For Sale
Contact for pricing
3644 W 12th St, Erie, PA 16505
The MU-2-zoned space is described as suitable for retail, showroom, office, and service businesses.
Property Size1,340 SF
Price / SF$1.68
Days on Market8
Property Features for 3644 W 12th St
General Information
Standard status
Active
Size
1,340 SF
Total Parking Spaces
12
Zoning
MU-2
Taxes and HOA fees
Annual Taxes
$3,269
Amenities
open showroom
large storefront windows
private office
restroom
storage area
building and monument signage
Listing Agency:
Baldwin Brothers, Inc
(814) 454-4541
Listed By:
Jacob Duska · License #RS361931
(814) 528-1361
Source:
Exprealty
Added: Oct 27
Changed: Nov 3
Last Checked: Nov 3 at 2:26PM
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 Baldwin Brothers, Inc
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Investment Insights
Based on property information with market context.
This 1,340-square-foot retail space has an open showroom, large storefront windows, a private office, a restroom, and a storage area. Building and monument signage are available, along with 12 on-site parking spaces.
At the corner of W. 12th Street and Potomac Avenue in Millcreek Township, the property is next to Odis 12. W. 12th Street carries more than 16,000 vehicles per day. The space is zoned MU-2 (Corridor Mixed Use) and is described as suitable for retail, showroom, office, or service businesses.
At the corner of W. 12th Street and Potomac Avenue in Millcreek Township, the property is next to Odis 12. W. 12th Street carries more than 16,000 vehicles per day. The space is zoned MU-2 (Corridor Mixed Use) and is described as suitable for retail, showroom, office, or service businesses.
Key Highlights
- 1,340 SF of front retail space
- Open showroom with large storefront windows
- Private office, restroom, and storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,111
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,220
$302.2K
Cap Rate 7%
$215,871
$215.9K
Cap Rate 9%
$167,900
$167.9K
Market Conditions
NOI Build-Up for 1,340 SF
Gross rent
$24.1K $18.00/SF
− Vacancy
−$2.5K −$1.89/SF
EGI
$21.6K $16.11/SF
− OpEx
−$6.5K −$4.83/SF
NOI
$15.1K $11.28/SF
Area
Erie County, PA
Vacancy
10.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,220
Cap Rate 7%
$215,871
Cap Rate 9%
$167,900
Alternative Uses
Best Use
Retail
$215.9K
$188.9K – $251.9K
NOI $15,111 @ 7.0% cap · market cap 671.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$332.4K
$290.9K – $387.9K
NOI $23,271 @ 7.0% cap · market cap 1,034.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
577
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
577 visits/mo
0.1 miles
Demographics for 16505, PA
16,437
Population
8,407
Households
2
Avg Household Size
49
Median Age
45%
College-Educated
96%
High-School Grad
11.7 sq mi
ZIP Area
1,405
Density / Sq Mi
$71,370
Median Household Income
$45,793
Median Earnings
$871
Median Rent
$196,600
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The MU-2-zoned space is described as suitable for retail, showroom, office, and service businesses.
Where is this retail space located?
The property is located at 3644 W 12th St Erie, PA.
What are key features of this property?
This property features: 1,340 SF of front retail space; Open showroom with large storefront windows; Private office, restroom, and storage area
