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    1920 Edinboro Rd Erie, PA 16509

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail/Office, 10,000 SF Available

    Lot size:
    21,713 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10,000 square foot commercial property, located at 1920 Edinboro Road in Erie County, presents a unique investment opportunity. Situated within the vibrant Millcreek Mall Complex, this single-tenant space boasts high visibility due to its frontage on both Peach Street and Edinboro Road. The building, a former Toys 'R Us, totals 21,713 square feet and is classified as Class C. Constructed in 1987, the single-story structure is zoned C-2, allowing for a variety of uses, including retail, office, and restaurant options (some use restrictions apply). The property offers immediate occupancy with 10,000 square feet currently vacant. The base rent is competitively priced at $12 per square foot. This location provides unparalleled access to a substantial consumer base, making it ideal for businesses seeking high foot traffic and strong brand visibility. The property's size and strategic location within a thriving commercial area make it an attractive proposition for a wide range of commercial ventures. Serious inquiries are encouraged to explore the potential of this exceptional property.

    Property Features for 1920 Edinboro Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,713 SF
    Class
    C

    Building Details

    Year Built
    1987
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    10,000 SF

    HighLights

    • 21,713 square foot single‑tenant retail/office building.
    • 10,000 square feet of vacant space available.
    • Class C building constructed in 1987.
    • Located in Erie County, zoned C‑2.
    • Former Toys "R" Us building with $12/SF base rent.
    • Prime location adjacent to Millcreek Mall Complex, with frontage on Peach Street and Edinboro Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Planet Fitness Fitness Center

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -80.0945066
    Latitude
    42.0658544

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail/Office, 10,000 SF Available
    Where is this restaurant located?
    The property is located at 1920 Edinboro Rd Erie, PA.
    What are key features of this property?
    This property features: 21,713 square foot single-tenant retail/office building.; 10,000 square feet of vacant space available.; Class C building constructed in 1987.
    Request Owner's contact information
    1920 Edinboro Rd Erie, PA 16509
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    Erie, PA 16509
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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
    1920 Edinboro Rd Erie, PA 16509
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