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M Square Commercial (MSC) successfully completed the sale of two commercial land parcels totaling 2.649 acres on West 26th Street in Erie, Pennsylvania. The transaction, involving excess land from a completed Modwash development, strategically matched the seller, Hutton Erie Filmore PA ST, LLC, with Papa Echo Holdings, LLC, a local Burger King franchisee, providing an ideal opportunity for expansion.
The transaction, finalized on September 27, 2024, reflects MSC's commitment to reducing holding costs for clients while supporting business growth within the Erie commercial market. The sale allowed Hutton Erie Filmore PA ST, LLC to eliminate annual state, county, and school taxes on the excess parcels.
"This sale represents a win for both the property owner and the buyer," said Brittany Megrath, CCIM, Managing Broker at M Square Commercial. "By identifying a local franchisee as the buyer, we could create a solution that addressed our client’s tax burden while facilitating business expansion for Papa Echo Holdings."
Located within a growing business corridor, the parcels' C-1 and C-2 zoning designations offer valuable development flexibility. The property’s proximity to the buyer’s existing Burger King franchise allows for efficient expansion that enhances their operational presence in Erie.
The transaction aligns with broader trends in commercial real estate, where businesses increasingly seek strategic growth opportunities in established markets. Megrath noted, "Expanding within a familiar market often provides companies with lower risk and higher returns compared to entering new areas. This sale is a great example of how strategic property disposition can support local business growth while delivering financial benefits to the seller."
For the Erie community, this transaction highlights the benefits of targeted property development that enhances local business corridors. With the support of Metro Commercial Real Estate, MSC facilitated the sale efficiently, bringing new potential for economic growth to the area.
To learn more about this strategic land sale in Erie, PA, and its positive impacts on the local business landscape, read the full case study at: Commercial Land Sale Erie PA Case Study.
About M Square Commercial
M Square Commercial (MSC) is a commercial real estate brokerage firm founded in 2019 by Brittany Megrath, CCIM, in Las Vegas, Nevada. MSC operates in over 60 markets across the United States, having assisted in transactions in fifteen states. The company's expertise spans multiple asset classes, including raw land, office, retail, fitness, quick service restaurants, car washes, and automotive services. MSC works on both the buy and sale side of transactions, serving clients from Massachusetts to Nevada. For more information or to schedule a call, visit https://msquarecommercial.com/.
Contact Info:
Name: Brittany Megrath, CCIM
Email: Send Email
Organization: M Square Commercial
Address: 10450 W Cheyenne Ave, Las Vegas, NV 89129
Phone: +17026379870
Website: https://msquarecommercial.com/contact/
Release ID: 89145599
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