5942 Peach St | Erie, PA 16509
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- LoopNet Team
5942 Peach St
Erie, PA 16509
Mattress Firm Anchored Strip Center – 42K VPD · Retail Property For Sale
Investment Highlights
- AUCTION SEPTEMBER 20-22, 2021 | STARTING BID $650,000 | 42K VPD
- Includes roughly ½ acre pad site for additional development opportunity
- Centrally located in the heart of Erie’s dominant retail corridor across from Millcreek Mall Complex, Wegmans Grocer, Walmart, Lowes, Home Depot, Kohl
- Mattress Firm anchored ±9,553 SF retail center with end cap vacancy
- Prime hard-corner signalized location with traffic counts of ±28,858 VPD on Peach Street and ±13,706 on Interchange Road
- Strong demographics - 137,031 individuals with an average household income of $65,153 within a 5-mile radius
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,031 SF
Building Class
B
Year Built/Renovated
1991/2019
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
2.35 AC
Zoning
C1 - Corridor Commercial
Parking
71 Spaces (4.23 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Freeway Visibility
- Pylon Sign
Property Taxes
| Parcel Numbers | Improvements Assessment | $612,400 | |
| Land Assessment | $1,022,800 | Total Assessment | $1,635,200 |
Property Taxes
Parcel Numbers
Land Assessment
$1,022,800
Improvements Assessment
$612,400
Total Assessment
$1,635,200
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