77,000 SF Retail Building Erie, PA $8,750,000 ($114/SF) 6% Cap Rate
Investment Highlights
Executive Summary
This is a rare Tops Friendly Market fee simple absolute NNN lease in Erie, PA. The lease calls for zero landlord obligations. There are ten, five year options to renew. The asset is well situated at a major commercial thoroughfare with high traffic counts.
Property Facts
Parking
525 Spaces (6.8 Spaces per 1,000 SF Leased)
- View Offering Memorandum
Erie International Airport | 21 min drive | 9.3 mi |
PROPERTY TAXES
| Parcel Number | 18-051-067.0-100.00 | Improvements Assessment | $5,413,500 |
| Land Assessment | $1,156,500 | Total Assessment | $6,570,000 |
PROPERTY TAXES
Parcel Number
18-051-067.0-100.00
Land Assessment
$1,156,500
Improvements Assessment
$5,413,500
Total Assessment
$6,570,000
Listing ID: 24970160
Date Created: 2/2/2022
Last Updated:
Address: 1702 E 38th St, Erie, PA
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Tops Friendly Market Absolute NNN Lease 1702 E 38th St
77,000 SF Retail Building Erie, PA $8,750,000 ($114/SF) 6% Cap Rate
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Local Information
Description
This property is not currently for sale or for rent on Trulia. The description and property data below may have been provided by a third party, the homeowner or public records.
Owner created an oasis for herself and is now being transferred out-of-state so this home is a rare find! Open floor plan throughout, bright and visually appealing, all freshly
painted, all appliances included are less than one year old, new shower, soaker tub and vanity. Central air, forced heat, enclosed heated porch and large fenced in yard w off-street parking for 2-4 cars. Pet door leading out into yard. Second bedroom can easily be converted back- owner wanted the convenience of first-floor laundry. Large walk-up attic that could easily be turned into a bedroom as well as a clean, dry basement. This home is literally move-in ready and needs no maintenance. Home
is zoned for residential and business, minutes from Mercyhurst University, Penn State Behrend, Lake Erie and the Bayfront Highway. Investors: this property is handicapped accessible, everything has been maintained to code - would make a great Airbnb or student rental. Schedule an appointment today and make this oasis your own! Contact Laurie at (814) 431-2445 for an appointment. Open House this Sunday 3/20 1-4!
Home Highlights
Home Details for 1273 E 38th St
Interior Details BasementAtticNumber of Rooms: 6Types of Rooms: Laundry Room |
Levels, Entrance, & Accessibility Stories: 1Disabled AccessFloors: Hardwood, Laminate |
Appliances & Utilities DryerRefrigeratorWasher |
Windows, Doors, Floors & Walls Double Paned Windows |
Security Security System |
Exterior Home Features Roof: AsphaltExterior: VinylLawnPorch |
Parking & Garage Parking Spaces: 5Parking: Off Street |
Year Built Year Built: 1945 |
Property Type / Style Property Type: Single Family HomeArchitecture: Ranch / Rambler |
Price Price Per Sqft: $58/sqft |
Lot Area: 5662 sqft |
Price History for 1273 E 38th St
04/13/2022 Sold Public Records | $89K |
03/22/2022 ListingRemoved Public Records | $89K |
03/22/2022 PriceChange Public Records | $89K |
03/04/2022 Listed For Sale Public Records | $99.9K |
05/25/2021 Sold Public Records | $67.9K |
09/17/2010 Sold Public Records | $50K |
08/30/2001 Sold Public Records | $3.37K |
Property Taxes and Assessment
| 2021 |
| $1,667 |
| $45,300 |
Home facts updated by county records
Homes for Rent Near 1273 E 38th St
Off Market Homes Near 1273 E 38th St
1273 E 38th St, Erie, PA 16504 is a 2 bedroom, 1 bathroom, 1,536 sqft single-family home built in 1945. This property is not currently available for sale. 1273 E 38th St was last sold on Apr 13, 2022 for $89,000. The current Trulia Estimate for 1273 E 38th St is $96,900.