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    2323 38Th St Erie, PA 16506

    Sponsored
    For Lease
    $12 SF/Yr

    Erie, PA: Prime Office/Retail Space Available

    Lot size:
    94,916 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Lake Erie Plaza, located at 2323 W 38th St, Erie, PA 16506, offers exceptional office and mixed-use space. This Class A, single-story building, built in 1980, boasts 94,916 total square feet, with 6,173 square feet currently vacant, divisible to a minimum of 6,173 square feet and up to a maximum contiguous 44,630 square feet. The property sits on a 9.38-acre lot and features a 15-foot ceiling height. Seven suites are available within the building. The property enjoys high visibility and traffic, with an average daily traffic count of 14,000 vehicles on W. 38th Street (PennDOT 2022 data). Excellent signage opportunities are available. Ample free parking is provided, and the plaza is conveniently located on a public bus route. Zoned MU-1, Neighborhood Mixed-Use, in Millcreek Township, this property offers a strategic location. The annual rent is $12.00 per square foot, plus a CAM estimated at $3.45 per square foot based on 2023 figures. Property taxes are $0.78 per square foot. The property's APN is 33-080-417.0-003.70 & 33-080-417.0-003.71. Current tenants include Countryside Agility K9 Sports Center, Disabled Veteran Solutions, JPT Foundation Event Center, Salvation Ministries, Passalinqua's Pizzeria, and Subway. This is an excellent opportunity for businesses seeking high-profile space in a thriving location.

    Property Features for 2323 38Th St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    94,916 SF
    Class
    A
    Total Rate
    94916

    Building Details

    Year Built
    1980
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 100
    Size
    38,530 SF
    Rate per SF
    $12
    Space
    Suite 201
    Size
    6,173 SF
    Rate per SF
    $12

    HighLights

    • 6,173± SF to 44,630± SF of office or mixed‑use space available.
    • High traffic count: 14,000 average daily vehicles on W. 38th Street (PennDOT 2022).
    • Excellent signage and visibility.
    • Ample free parking.
    • Convenient public bus access.
    • MU‑1 zoning in Millcreek Township, within a mixed‑use district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Disabled Veterans Call ... Call Center

    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
    -80.118157657013
    Latitude
    42.081424205943

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    FAQs

    What type of property is this?
    Office Property / Space - Erie, PA: Prime Office/Retail Space Available
    Where is this office property / space located?
    The property is located at 2323 38Th St Erie, PA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 6,173± SF to 44,630± SF of office or mixed-use space available.; High traffic count: 14,000 average daily vehicles on W. 38th Street (PennDOT 2022).; Excellent signage and visibility.
    Request Owner's contact information
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    Erie, PA 16506
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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
    2323 38Th St Erie, PA 16506
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