2323 38th St Erie, PA 16506-4503
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.
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Disabled Veterans Call Center d/b/a Disabled Veteran Solutions Telecommunications Service Tech Support Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BB · Erie, PAErie. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.