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Property profile & analytics
OFF-MARKET Estimated value $2,045,000
Community centers

2323 38th St Erie, PA 16506-4503

94,916 SF 9.38 ac lot Built 1980
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US73-5623893
Property summary
AI-generated overview

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 profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1980
Construction FRAME
Total area 94,916 SF
Lot 9.38 ac (408,549 SF)
Zoning code BB
APN 33-080-417.0-003.03
UPID US73-5623893
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Disabled Veterans Call Center d/b/a Disabled Veteran Solutions Telecommunications Service Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.04M
Blend (final) Blend
$2.05M
Owner & transaction history
Gone To The Dogs LLC · 11 yrs held
Gone To The Dogs LLC
since 2014
4 recorded transactions
2014
$460,000
2012
$1.0M
2008
$67,500
1969
Price N/A
Zoning & alternative use
BB · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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