Retail Property with Leased
3750 PEACH Street Erie, PA 16508
For Sale
$425,000
Pending
COMMERCIAL - Erie, PA
Property Size1,814 SF
Lot Size0.26 Acres
Days on Market146
Property Features for 3750 PEACH Street
General Information
Property type
Commercial Sale
Property subtype
Other
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: Jul 24
Last Checked: Jul 28 at 4:06AM
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.
Investment Insights
Based on property information with market context.
This retail property is currently operated as an established beer distributor. The exterior has been recently updated, and the site also includes a leased billboard that generates $8,500 in annual income.
The property is located at 3750 Peach Street in Erie, Pennsylvania (16508), positioned along a commercial corridor.
With retail use in place and an additional income component from the billboard, the building offers a straightforward, turnkey structure for a buyer seeking an income-producing retail asset.
The property is located at 3750 Peach Street in Erie, Pennsylvania (16508), positioned along a commercial corridor.
With retail use in place and an additional income component from the billboard, the building offers a straightforward, turnkey structure for a buyer seeking an income-producing retail asset.
Key Highlights
- Beer distributor property at 3750 Peach Street in Erie, PA
- Leased billboard on‑site generates $8,500 per year in income
- Year built: 1951
Financial Insights For 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 | $32.7k | $18.00 |
| − Vacancy | −$3.4k | −$1.89 |
| EGI | $29.2k | $16.11 |
| − OpEx | −$8.8k | −$4.83 |
| NOI | $20.5k | $11.28 |
1,814 SF · lease $18.00/SF/yr · vacancy 10.50% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Retail property includes a beer distributor operation and a leased billboard generating $8,500 annually.
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: Beer distributor property at 3750 Peach Street in Erie, PA; Leased billboard on‑site generates $8,500 per year in income; Year built: 1951
