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2746 W 26th St
Erie, PA 16506
Retail Property For Sale
Investment Highlights
- Heavy daytime traffic
- Includes three parcels
Executive Summary
This property is leased to AT&T mobile's real estate division, Prime Comms. Tenant has demonstrated a long-term committment to this location. Current lease term commenced on August 1, 2024, and there is also a remaining 5-year renewal option. This high-profile location features ample parking and outstanding visibility along the retail corridor of West 26th and Peninsula Drive. Nearby tenants include Long John Silver, Arby's, Burger King, Subway, Ferrier's Ace Hardware, Tim Hortons and McDonald's. Three parcels are included in this sale. Very limited landlord responsibilities; tenant pay all utilities, real estate taxes and maintenance. Priced at a 7% return on investment, this property will provide twice what your bank is paying you on your savings!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,256 SF
Building Class
B
Year Built
1978
Price
$916,188 CAD
Price Per SF
$406.11 CAD
Cap Rate
7%
NOI
$64,133 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.56 AC
Zoning
C-1 - Commercial Corridor
Parking
30 Spaces (13.3 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Signage
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $190,844 CAD | |
| Land Assessment | $205,144 CAD | Total Assessment | $395,988 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$205,144 CAD
Improvements Assessment
$190,844 CAD
Total Assessment
$395,988 CAD
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