2178 W 38TH Street

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2178 W 38TH Street

Erie, PA 16508
Asking Price
$895K
Asset Type
Storefront Retail
Class
Class B

What's Special

3,392± SF Freestanding Mixed-Use Building <ul><li>​3,392± SF freestanding mixed-use building</li><li>​Former cannabis dispensary with mostly open floor plan</li><li>​Fenced and covered shipping/receiving area</li><li>​2 restrooms, office & storage room</li><li>​Interactive floor plan available</li><li>​Built in 1962 and completely renovated 2021</li><li>​Generator, new tile flooring & lighting</li><li>​3 Phase, 4 wire, 120/208V service & public utilities</li><li>​Situated on 0.94± acre corner lot with paved parking for ±23</li><li>​Exce

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NOI
$80,000
Cap Rate
8.94%
DSCR
1.51
Strong
Cash-on-Cash
10.01%
Monthly Payment
$4,427.972
Annual Cash Flow
$26,864.34

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