Retail Space with Billboard
For Sale
$425,000
Pending
3750 PEACH Street, Erie, PA 16508
CommercialSale, Erie, PA
Property Size1,814 SF
Lot Size0.26 Acres
Days on Market226
Property Features for 3750 PEACH Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
R-1
Elementary school district
City-Erie
Middle school district
City-Erie
High school district
City-Erie
Directions
Head east on W 38th St toward Peach St, Take a right and continue straight on Peach Street, Property will be on your right
Subdivision
3 - Erie Southwest
Standard status
Pending
APN
19-061-007.0-223.00
Size
1,814 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7969
Expense value
15000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air, Gas (Cooling)
Water source
Public
Building Details
Year built
1951
Building materials
Mixed
Listing Agency:
Agresti Real Estate
(814) 459-9400
Listed By:
Bob List · License #RS367057
(814) 504-8087
Added: Mar 4
Changed: Oct 16
Last Checked: Oct 16 at 8:06PM
MLS# 189816
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.
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Investment Insights
Based on property information with market context.
This 1,814-square-foot retail property occupies a 0.2645-acre parcel at 3750 Peach Street in Erie. The site has supported an established beer distributor operation, and the exterior was recently updated. The property was built in 1951 and includes forced-air heating with natural gas, central air conditioning, public water, and public sewer service.
A leased billboard provides a separate income component alongside the retail operation. The property is offered for sale and combines an operating commercial use with an additional advertising asset. Its mixed construction materials and existing building improvements support continued retail use, subject to applicable requirements.
A leased billboard provides a separate income component alongside the retail operation. The property is offered for sale and combines an operating commercial use with an additional advertising asset. Its mixed construction materials and existing building improvements support continued retail use, subject to applicable requirements.
Key Highlights
- 1,814‑square‑foot retail property on a 0.2645‑acre parcel
- Established beer distributor operation with recently updated exterior
- Leased billboard provides a separate income component
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,456
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,120
$409.1K
Cap Rate 7%
$292,229
$292.2K
Cap Rate 9%
$227,289
$227.3K
Market Conditions
NOI Build-Up for 1,814 SF
Gross rent
$32.7K $18.00/SF
− Vacancy
−$3.4K −$1.89/SF
EGI
$29.2K $16.11/SF
− OpEx
−$8.8K −$4.83/SF
NOI
$20.5K $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%
$409,120
Cap Rate 7%
$292,229
Cap Rate 9%
$227,289
Alternative Uses
Best Use
Retail
$292.2K
$255.7K – $340.9K
NOI $20,456 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$450.0K
$393.8K – $525.1K
NOI $31,503 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
771
Businesses Nearby
181k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Groceries 25%
Dining 21%
Home Improvements & Furnishings 7%
Tops Friendly Markets
Groceries
35,432 visits/mo
0.1 miles
Sheetz
Shops & Services
29,109 visits/mo
0.2 miles
Dollar Tree
Shops & Services
19,381 visits/mo
0.2 miles
Country Fair
Shops & Services
18,432 visits/mo
0.1 miles
Burger King
Dining
12,647 visits/mo
0.5 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Established beer distributor with a recently refreshed exterior and an additional leased billboard revenue stream.
Where is this retail space located?
The property is located at 3750 PEACH Street Erie, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,814‑square‑foot retail property on a 0.2645‑acre parcel; Established beer distributor operation with recently updated exterior; Leased billboard provides a separate income component
