Bank Facility with Drive-Thru
For Lease
$4,500/Mo NNN
702 W 38th Street, Erie, PA 16508
Corner outparcel at Liberty Center I with former bank building and five drive-thru lanes, zoned C-2.
Space Size10,000 SF
Days on Market96
Property Features for 702 W 38th Street
General Information
Standard status
Active
Size
10,000 SF
Property subtype
VacantLand
Spaces For Lease
at 702 W 38th Street
702 W. 38th Street
Immediate
Size
10,000 SF
Type
VacantLand
Lease Type
NNN
Sublease
No
Renewal Option
Yes
Listing Agency:
SBRE - Sherry Bauer Real Estate
Listed By:
Sherry Bauer · License #RM422666
(814) 460-2000
Source:
Commercialcafe
Added: Jul 20
Changed: Oct 8
Last Checked: Oct 20 at 5:20PM
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
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Investment Insights
Based on property information with market context.
Located at the corner of W. 38th Street and Poplar Street, just west of Peach Street, this outparcel is part of Liberty Center I, a 229,805 SF retail center. The site is contiguous with the new Tops Gas Station and is an out parcel in front of Tops Friendly Markets.
The property includes a former 506 SF bank facility built in 1986 with five drive-thru lanes. It offers approximately 145’ of frontage along W. 38th Street and approximately 69’ along Poplar Street, and public utilities are on-site. Vehicular access and visibility are supported by an estimated 16,000 average daily traffic count on W. 38th Street (PennDOT AADT, 2023).
Zoned C-2, General Commercial District, the property is available for lease at $4,500/month NNN. LERTA tax incentive program is available, offering 80–100% tax abatement on improvements for 10 years. CAM and insurance are approximately $1.87/SF/YR (based on 2024), and taxes are approximately $0.95/SF/YR (based on 2024). Nearby tenants include Dollar Tree, GNC, Harbor Freight Tools, Rotech Healthcare, PA Wine & Good Spirits, and H&R Block, among others.
The property includes a former 506 SF bank facility built in 1986 with five drive-thru lanes. It offers approximately 145’ of frontage along W. 38th Street and approximately 69’ along Poplar Street, and public utilities are on-site. Vehicular access and visibility are supported by an estimated 16,000 average daily traffic count on W. 38th Street (PennDOT AADT, 2023).
Zoned C-2, General Commercial District, the property is available for lease at $4,500/month NNN. LERTA tax incentive program is available, offering 80–100% tax abatement on improvements for 10 years. CAM and insurance are approximately $1.87/SF/YR (based on 2024), and taxes are approximately $0.95/SF/YR (based on 2024). Nearby tenants include Dollar Tree, GNC, Harbor Freight Tools, Rotech Healthcare, PA Wine & Good Spirits, and H&R Block, among others.
Key Highlights
- 10,000± SF outparcel pad site available for lease at Liberty Center I on a corner lot at W. 38th St & Poplar St (just west of Peach St).
- Former 506± SF bank facility built in 1986 with five drive‑thru lanes.
- ~145’ frontage on W. 38th St with 16,000 average daily traffic (PennDOT AADT, 2023).
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 34%
Tim Hortons
Dining
11,848 visits/mo
0.2 miles
Arby's
Dining
9,523 visits/mo
0.1 miles
Circle K
Shops & Services
5,627 visits/mo
0.3 miles
PNC Bank
Shops & Services
5,300 visits/mo
0.1 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
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Commercial land - Corner outparcel at Liberty Center I with former bank building and five drive-thru lanes, zoned C-2.
Where is this commercial land located?
The property is located at 702 W 38th Street Erie, PA.
What is the lease rate?
The lease rate is $4,500/Mo.
What are key features of this property?
This property features: 10,000± SF outparcel pad site available for lease at Liberty Center I on a corner lot at W. 38th St & Poplar St (just west of Peach St).; Former 506± SF bank facility built in 1986 with five drive‑thru lanes.; ~145’ frontage on W. 38th St with 16,000 average daily traffic (PennDOT AADT, 2023).
