Automotive Rental Franchise with
4342 W Ridge Rd, Erie, PA 16506
For Sale
$1,995,000
Operating rental business includes vehicle assets, propane sales, trained staff, and a transferable leasehold.
Property Size5,376 SF
Lot Size1.88 Acres
Price / SF$371.09
Days on Market349
Property Features for 4342 W Ridge Rd
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Tenancy & Operations
Currently Operating
Tenant in Place
Real Estate Included
Additional Details
Business Included
Automotive Uses
Building Details
Buildings
Tenancy
Listing Agency:
SBRE - Sherry Bauer Real Estate Services
(814) 453-2000
Listed By:
Sherry Bauer · License #RM422666
(814) 460-2000
Source:
Exprealty
Added: Nov 26, 2025
Changed: Nov 8
Last Checked: Jul 21 at 5:55AM
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 SBRE - Sherry Bauer Real Estate Services
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Investment Insights
Based on property information with market context.
The offering combines an operating Rent A Wreck franchise with its business assets and franchise rights. The 1.88-acre property includes a 5,376-square-foot leased building, a fleet of 29+ vehicles, and equipment. A trained team is in place, and transition support is available. Franchisor approval and training are required.
The business also sells propane, an additional component of its operation. The fleet has been weighted toward SUVs over the past three years. The property is in Erie, Pennsylvania, near Erie International Airport.
The business also sells propane, an additional component of its operation. The fleet has been weighted toward SUVs over the past three years. The property is in Erie, Pennsylvania, near Erie International Airport.
Key Highlights
- 1.88‑acre property with a 5,376 SF leased building
- Rent A Wreck franchise rights included; franchisor approval and training apply
- Vehicle fleet of 29+ units and equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,625
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,212,500
$1.2M
Cap Rate 7%
$866,071
$866.1K
Cap Rate 9%
$673,611
$673.6K
Market Conditions
NOI Build-Up for 5,376 SF
Gross rent
$96.8K $18.00/SF
− Vacancy
−$10.2K −$1.89/SF
EGI
$86.6K $16.11/SF
− OpEx
−$26.0K −$4.83/SF
NOI
$60.6K $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%
$1,212,500
Cap Rate 7%
$866,071
Cap Rate 9%
$673,611
Alternative Uses
Best Use
Retail
$866.1K
$757.8K – $1.01M
NOI $60,625 @ 7.0% cap · market cap 3.04%
Second Best
Industrial
$475.0K
$415.6K – $554.2K
NOI $33,249 @ 7.0% cap · market cap 1.67%
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,362 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
91k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Home Improvements & Furnishings 31%
Groceries 11%
Dining 2%
Sheetz
Shops & Services
31,786 visits/mo
0.5 miles
Lowe's
Home Improvements & Furnishings
27,865 visits/mo
0.4 miles
Dollar Tree
Shops & Services
13,356 visits/mo
0.2 miles
Fine Wine & Good Spirits
Groceries
9,727 visits/mo
0.4 miles
Dollar General
Shops & Services
5,544 visits/mo
0.3 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
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Budget Car Rental — 4411 W 12th St, Erie, PA 16505
- Avis Car Rental — 4411 W 12th St, Erie, PA 16505
- National Car Rental — 4411 W 12th St, Erie, PA 16505
- Alamo Rent A Car — 4411 W 12th St, Erie, PA 16505
- Enterprise Rent-A-Car — 4411 W 12th St, Erie, PA 16505
Frequently Asked Questions
What type of property is this?
Automotive property - Operating rental business includes vehicle assets, propane sales, trained staff, and a transferable leasehold.
Where is this automotive property located?
The property is located at 4342 W Ridge Rd Erie, PA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 1.88‑acre property with a 5,376 SF leased building; Rent A Wreck franchise rights included; franchisor approval and training apply; Vehicle fleet of 29+ units and equipment included
