2018 E 38TH Street Erie, PA 16510

Own College Plaza, a 7-unit strip plaza near Mercyhurst University with immense upside potential. 19,868± SF center with 19,400± SF rentable area. Built in 1987 with public utilities. Situated on 2.182± acre corner lot along public bus route with curb cuts from both streets. 288’ Frontage along E. 3...8th Street with 13,000 average daily traffic (PennDOT - 2022 count year) & 330’ frontage along McCain Avenue. 129± parking spaces in private lot. Tenant mix includes Dollar Tree, On The Avenue Salon, Sun Capsule (tanning salon), Jade Garden (Chinese restaurant) & CareGivers Home Care. Within 1 mile of major retailers: Taco Bell, Dollar General, Tops Friendly Markets, McDonalds, Walmart, Marco’s Pizza, Subway, Cost Cutters, Widget Financial & more. Zoned C-1, Local Commercial District (City of Erie), offering many potential uses: office, retail, restaurant, fitness center, pet grooming & more. 87.6% Occupancy. $175,772 Pro-forma NOI – offered At 10.8% pro-forma cap rate. Continue reading