4430 Buffalo RdErie, PA 16510

Property Details for 4430 Buffalo Rd

Year built

1982

Construction

FRAME

Lot size

0.77 AC

Property size (Sq ft)

2,100 SF

Zone code

I

Property type

Banks

APN

27-013-105.0-002.02

APU

27013105000202

Description

This exceptional investment opportunity presents a 2,100 square foot, single-tenant retail property currently occupied by Citizens Bank, a financially stable institution with an A- S&P rating. Located at 4430 Buffalo Rd, Erie, PA 16510, this property boasts a strong 6.25% cap rate and a substantial net operating income (NOI) of $137,000. The absolute NNN lease, with a corporate guarantee, ensures minimal landlord responsibilities and provides passive ownership. The lease, signed in 2024, has a remaining term of 9.3 years, with two 5-year renewal options and 10% rent bumps every five years. The property, built in 1982 and extensively renovated in 2024, sits on a 0.77-acre lot in a thriving submarket anchored by Giant Eagle and other national retailers including Panera, Chipotle, Starbucks, Taco Bell, McDonald's, Planet Fitness, and PNC Bank. The recent relocation of Citizens Bank from a nearby location highlights their commitment to the area and the property's prime location. The building features a new 15-year roof warranty. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with significant long-term potential. The asking price is $2,192,000.

• CAP approach

  CAP return

  Valuation

  6%

  $555,351

  6.5%

  $512,632

  7%

  $476,015

• Comparable approach

  Method

  Valuation

  Relative Method

  $495,014

  Geo Method

  $495,014

• Alternative Use

  Use

  Valuation

  Residential

  $432,424

  Hospitality

  $396,098

  Educational

  $329,549

  Medical

  $340,883

  Retail

  $512,632

Location Insight

City

Erie

County

Erie

State

Pennsylvania

Latitude

42.147

Longitude

-80.0025

CBSA code

21500

CBSA name

ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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