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    2178 38Th St Erie, PA 16508

    Sponsored
    For Sale
    Contact for pricing

    Three remodeled retail buildings, high traffic.

    Property size:
    3,392 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity comprises three freestanding retail buildings totaling 3,392 square feet situated on a 0.87-acre lot in Erie, Pennsylvania. Located at 2178 W 38th St, Erie, PA 16508, these properties are zoned C-1 (Commercial) and boast excellent visibility and ample parking. Each building was previously licensed as a cannabis dispensary by the state of Pennsylvania in 2020, although the sale does not include the licenses. The recent renovations by the current operator ensure these properties are move-in ready. The buildings are ideally suited for a variety of traditional retail uses, including restaurants or other commercial ventures. Their prime locations, combined with the existing infrastructure and recent upgrades, present a compelling investment opportunity for those seeking high-traffic, well-maintained retail spaces in a thriving Erie County market. The properties offer significant potential for immediate income generation or long-term appreciation. This is a rare chance to acquire a portfolio of three established retail buildings in a desirable location. The properties are easily adaptable to a range of commercial uses, providing flexibility and future growth potential.

    Property Features for 2178 38Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,392 SF
    Lot Size
    37,897 SF

    HighLights

    • Retail and multifamily property totaling 3,392 square feet.
    • Located on a 0.87‑acre lot in Erie, PA, zoned C‑1 Commercial.
    • Previously licensed as cannabis dispensaries (licenses not included in sale).
    • Excellent locations with ample parking, high visibility, and strong traffic counts.
    • Recently remodeled.
    • Suitable for various retail or restaurant uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.1163593
    Latitude
    42.0841722

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    FAQs

    What type of property is this?
    Multifamily property - Three remodeled retail buildings, high traffic.
    Where is this multifamily property located?
    The property is located at 2178 38Th St Erie, PA.
    What are key features of this property?
    This property features: Retail and multifamily property totaling 3,392 square feet.; Located on a 0.87-acre lot in Erie, PA, zoned C-1 Commercial.; Previously licensed as cannabis dispensaries (licenses not included in sale).
    Request Owner's contact information
    2178 38Th St Erie, PA 16508
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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
    2178 38Th St Erie, PA 16508
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