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    1509 38Th St Erie, PA 16510

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    High-Visibility Retail Space Available in Erie, PA

    Lot size:
    8,556 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Erie, PA retail property at 1509 E 38th St offers 8,556 total square feet, with 5,478 square feet currently vacant. The property is classified as a multi-tenant strip center, ideal for a variety of retail businesses. The expansive lot size of 42,925 square feet provides ample space and includes 47 parking spots, ensuring convenient access for customers and employees. The building boasts a well-maintained interior, ready for immediate occupancy and customization to suit individual business needs. Its prime location in Erie, PA offers high visibility and easy access to major transportation routes, maximizing exposure and accessibility for both customers and suppliers. This strategically positioned property presents a unique opportunity for businesses seeking a high-traffic location with significant space for growth and development. The available space is perfect for a business looking to establish a strong presence in a thriving Erie community. The property's features combine to create an attractive investment opportunity for retail ventures seeking a prominent location with excellent visibility and ample parking. Don't miss this chance to secure a prime retail space in a desirable Erie location.

    Property Features for 1509 38Th St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,556 SF

    Unit(s) available at that property

    Space
    Suite B
    Size
    5,478 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Marco's Pizza Pizza Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.0334508
    Latitude
    42.114053

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    FAQs

    What type of property is this?
    Neighborhood center - High-Visibility Retail Space Available in Erie, PA
    Where is this neighborhood center located?
    The property is located at 1509 38Th St Erie, PA.
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    Erie, PA 16510
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1509 38Th St Erie, PA 16510
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