1116 Parade St
Erie, PA 16503
KFC · Retail Property For Sale

This KFC property is located at 1116 Parade Street in Erie, Pennsylvania. Erie is a city in and the county seat of Erie County, Pennsylvania. Named for the lake and the Native American tribe that resided along its southern shore, Erie is the fourth-largest city in Pennsylvania, as well as the largest city in Northwestern Pennsylvania. The subject property is well-positioned in the heart of downtown Erie, benefitting from its proximity to major national retailers and various points of interest. Major national retailers in the area include: CVS, Dollar General, Northwest Bank, Rite Aid, Shell, McDonald’s, Citizens Bank, Arby’s, Domino’s Pizza, Wendy’s, Taco Bell, Sunoco, Little Caesaers, PNC Bank, First National Bank, Jimmy John’s, as well as many other local bars, restaurants, and small businesses in the downtown area of Erie. Various points of interest include: Erie City Hall, Erie Train Station, Erie Insurance Arena and UPMC Park. Additionally, Gannon University is in the surrounding area and has over 4,400 students. UPMC Hamot, one of the main hospitals serving Erie, is in close proximity and has over 433 beds. There are approximately 94,720 people within a three-mile radius of this property and 151,830 within a five-mile radius. The property is situated on Parade Street, which has an average daily traffic count of 15,000 vehicles. The subject property also benefits from its close proximity to U.S. Interstate 90, which has an average daily traffic count of 51,000 vehicles. Erie is situated between Buffalo, Cleveland, and Pittsburgh, and is on the halfway point between the former two cities. Erie's manufacturing sector remains prominent in the local economy, though health care, higher education, technology, service industries and tourism are emerging as significant economic drivers. Over four million people visit Erie during summer months for recreation at Presque Isle State Park, as well as attractions such as an indoor water park, Waldameer Park, and the casino and horse racetrack named for the state park. Erie is the corporate headquarters of the Erie Insurance Group, and Marquette Savings Bank. Lord Corporation was founded and has major operations in Erie. Along with GE and Erie Insurance, major employers in the county include the county, state and federal governments, as well as the Erie City School District.