5942 Peach Street

For Lease

5942 Peach Street, Erie, PA 16509

You can currently find 2 retail space(s) available for lease at 5942 Peach Street. Designated use type for space listed here includes retail and strip. Current retail listings at this property total 23,734 square feet. Lease type options include NNN. Expand the listing and property details below for additional information on leasing opportunities at 5942 Peach Street.

Space Available For Lease 2

Contacts

broker

Sherry Bauer

SBRE - Sherry Bauer Real Estate

(814) 453-2000

Property Details

  • Property Type Retail - Strip
  • Property Size 9,553 SF
  • Units 3
  • Lot Size 2.35 Acre
  • Parking Spaces Avail. 71
  • Property Tenancy Multi-Tenant
  • Year Built 1991
  • Year Renovated 2019
  • Date Updated Mar 4, 2024
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.

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Highlights

  • 2,996± SF Retail Endcap & 0.47± Acre Pad Site
  • Join the Mattress Firm & Zoom Tan
  • Excellent Visibility & Signage
  • Across From Millcreek Mall, Barnes & Noble & More
  • Along Greater Erie’s Major Retail Corridor
  • 29,168 Average Daily Traffic Along Peach Street (2022 AADT at Avon Dr.)
  • 2,996± SF Endcap Space to Be Delivered with ADA Restroom
  • Tenant Allowance for Flooring & Paint
  • 3D Tour & Floor Plan Available
  • Contiguous 0.4761± Acre Pad Site Also Available For Lease Offering Potential for Outdoor Seating
  • Abundant Parking with 71± Car Lot
  • Zoned C-1, Corridor Commercial
  • Some Restrictions on Use Apply

Attachments

Getting around

  • 59/100

    Walk Score ®

  • 30/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Erie, PA
  • Zip Code 16509

Points of Interest

  • Erie Zoo Train Station

    2.48 miles

  • Erie

    3.92 miles

  • GetGo

    0.37 miles

  • Delta

    0.64 miles

  • Sam's Club

    0.89 miles

  • Citgo

    0.94 miles

  • Citgo

    1.01 miles

  • Kwik Fill

    1.04 miles

  • Citgo

    1.15 miles

  • Shell

    1.30 miles

  • Citgo

    1.38 miles

  • Gulf

    1.73 miles

  • Erie Veterans Medical Center Parking Garage

    2.99 miles

  • Saint Vincent Parking Garage

    3.25 miles

  • Saint Vincent Parking Garage

    3.32 miles

  • Mercyhurst Parking Garage

    3.56 miles

  • EMTA Parking Garage

    4.10 miles

  • Erie Parking Garage

    4.25 miles

  • East Erie Parking Garage

    4.26 miles

  • PNC Bank Parking Garage

    4.34 miles

  • Gannon University Parking Garage

    4.35 miles

  • Harborview Apartments Parking Garage

    4.42 miles

  • KFC

    0.08 miles

  • Olive Garden

    0.09 miles

  • Osaki

    0.12 miles

  • Wendy's

    0.13 miles

  • Picasso's

    0.21 miles

  • Sonic

    0.21 miles

  • Red Lobster

    0.22 miles

  • Arby's

    0.23 miles

  • Moe's Southwest Grill

    0.29 miles

  • McDonald's

    0.34 miles

  • Boscov's

    0.24 miles

  • Wegmans

    0.33 miles

  • TJ Maxx

    0.34 miles

  • Macy's

    0.37 miles

  • Millcreek Mall

    0.39 miles

  • Giant Eagle

    0.39 miles

  • JCPenney

    0.48 miles

  • Ross

    0.51 miles

  • Gordon Food Service

    0.59 miles

  • Marshalls

    0.66 miles

5942 Peach Street Listing Brief

  • A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

    Retail space at 5942 Peach Street asks $10.81/SF/YR per square foot.

  • The property includes 23,734 square feet of retail space for lease. Of this total, 20,738 square feet are Retail, 2,996 square feet are Strip.

    Lease agreement conditions for the availability at this property include NNN.

    For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

  • You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

    5942 Peach Street was last renovated in 2019.

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Sherry Bauer

SBRE - Sherry Bauer Real Estate

(814) 453-2000

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  2. 2Extra information