5942 Peach Street

Property occupies one block at Peach Street, Edinboro/Interchange Road, Marmon Drive & Spires Drive.SBRE, in conjunction with Colliers, is pleased to offer for sale Peach Street Plaza, a 9,553 SF value-add strip center in Erie, PA. Peach Street Plaza is currently 70% occupied by two national/regional tenants, Mattress Firm and Zoom Tan, both with longer-term leases. In addition to stable and reliable cash flow, there is one 2,892 SF unit available for lease-up and a 0.445± acre vacant outparcel that is separately platted. Peach Street Plaza is located directly across the street from a 2.2 million SF enclosed mall and ideally positioned in a 5± million SF regional retail submarket that serves an extended trade area due to its proximity to two major highways. This is a rare opportunity to acquire a well-located, positively cash flowing asset that also offers significant upside potential.Prime retail space for lease on Peach Street – Greater Erie’s major retail corridor. 2,996± SF endcap unit & 0.4761± acre pad site for lease on Peach Street next to The Mattress Firm & Zoom Tan. Property is located along Greater Erie’s major retail/service corridor adjacent to the Millcreek Mall, Barnes & Noble & KFC. Excellent visibility with 29,168 vehicles per day along Peach Street. 2,996± SF endcap space to be delivered with ADA restroom. Tenant allowance for paint & flooring. 3D tour & floor plan available. Offered at $18.00/SF/YR + CAM + utilities. CAM estimated at $6.65/SF/YR based on 2022. Tenant pays approximately $6,154/month + utilities. Additional 0.4761± acre pad site contiguous with the end cap also available for lease at $75,000/YR - NNN. Site offers potential for outdoor seating. Zoned C-1, Commercial Corridor. Some restrictions on use apply. Contact broker for additional information or to schedule a tour.