248-702-0288
163 West 26th St, Erie, PA for Sale
Freestanding - FOR SALE
1/7
null | Request Cap Rate

163 West 26th St
Erie, PA 16508
South Suburban Erie


HIGHLIGHTS

  • Directly across from Saint Vincent Hospital, a 428-bed facility that recently completed a $110 million renovation
  • Rite Aid has occupied the site since 1998, reporting strong historical sales of approximately $13 million annually - Tenant is currently in Chapter 11
  • Zoned C-4 (Traditional Neighborhood Commercial) allowing for a broad range of commercial uses
  • Prime location at the intersection of West 26th Street and Sassafras Street with combined traffic counts exceeding 18,000 VPD
  • Multiple points of ingress/egress with strong visibility and signage
  • Centrally located in the heart of downtown Erie, surrounded by a dense population and established infrastructure

OVERVIEW

Encore Real Estate Investment Services, in conjunction with Bang Realty, proudly presents the opportunity to acquire a 11,367 SF former drugstore situated on 1.08 acres at a prime signalized intersection in Erie, Pennsylvania. Strategically located at the corner of West 26th Street and Sassafras Street, this highly visible property sits directly across from Saint Vincent Hospital, a major 428-bed medical facility that recently completed a $110 million renovation. Previously occupied by Rite Aid since 1998 with reported historical sales of approximately $13 million annually, the site is now vacant due to the tenant's ongoing Chapter 11 restructuring. This offers investors, developers, or owner-users a rare chance to reposition a highly recognizable building in a densely populated corridor with strong retail and medical demand drivers.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

11,367 SF - Across from Hospital Former RAD

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Drug Store, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

AB7

APN/PARCEL ID

19-060-054.0-147.00

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.