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    221 Locust St Erie, PA 16509

    Pending
    For Sale
    Contact for pricing

    LAND - Erie, PA

    Property size:
    7,623 SF
    Lot size:
    0.17 Acres
    Days on Market:
    171
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 221 Locust St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    18-053-034.0-207.00
    Size
    7,623 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Expense value
    1000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Pennington Lines Real Estate (814) 833-3310 [email protected]

    Listing agent Patrick Groner Jr (814) 397-4694 License #RM425281

    Listing date Jun 18, 2025

    MLS# 184057 Listing URL

    Copyright © 2025 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Building Lot in Erie

    This is a proposed residential building lot situated in a quiet area within the City of Erie. The lot, which is currently being subdivided from its existing configuration, spans 0.17 acres, equivalent to 7,623 square feet. Significant incentives are available, as outlined in the attached Home Opportunity Program sheet. All offers must include a completed Developer Proposal. Agreements are subject to final approval from the Board, which may require a period of 3 to 4 weeks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.073453
    Latitude
    42.102679

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    FAQs

    What type of property is this?
    Land - Residential building lot in a quiet Erie neighborhood.
    Where is this land located?
    The property is located at 221 Locust St Erie, PA.
    What is the asking price?
    The asking price for this property is $7,500.
    What are key features of this property?
    This property features: - Residential building lot in a quiet area.; - Located in the City of Erie.; - Significant incentives available through the Home Opportunity Program.
    (814) 397-4694
    Request Owner's contact information
    221 Locust St Erie, PA 16509
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    Erie, PA 16509
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    221 Locust St Erie, PA 16509
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