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    507 W 2Nd St Erie, PA 16507

    For Sale
    $292,500

    LAND - Erie, PA

    Property size:
    18,570 SF
    Lot size:
    0.43 Acres
    Days on Market:
    123
    Last Refresh:
    Dec 12 at 1:06 pm

    Property Features for 507 W 2Nd St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    17-040-018.0-206.00
    Size
    18,570 SF
    Lot size
    0.43 Acres

    Taxes and HOA fees

    Expense value
    5000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Pro Realty, Inc (814) 825-7761 [email protected]

    Listing agent Paul Gornall (814) 397-3584 License #AB048936L

    Listing date Aug 12, 2025

    MLS# 182401 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

    Waterfront Land Ready for Building

    This is a 0.43-acre waterfront property in Erie, PA, zoned for residential use, offering potential for single-family and multi-family dwellings. The land has been cleared and is ready for building. The property comprises an assemblage of 5 parcels being sold as one, including parcels 17-040-018.0-207.00, 17-040-018.0-208.00 and 17-040-018.0-205.00. The assessment and taxes reflect all parcels. The site offers views of Erie's Bayfront. This property presents an opportunity to take advantage of LERTA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm 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
    -80.098846
    Latitude
    42.128867

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    FAQs

    What type of property is this?
    Land - Cleared waterfront land suitable for single or multi-family dwellings.
    Where is this land located?
    The property is located at 507 W 2Nd St Erie, PA.
    What is the asking price?
    The asking price for this property is $292,500.
    What are key features of this property?
    This property features: - Waterfront property with VIEWS of Erie's Bayfront.; - Residential zoning allows for single-family or multi-family dwellings.; - Cleared and ready for building.
    (814) 397-3584
    Request Owner's contact information
    507 W 2Nd St Erie, PA 16507
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    Erie, PA 16507
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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
    507 W 2Nd St Erie, PA 16507
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