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    114 Sassafras St Erie, PA 16507

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    For Sale
    Contact for pricing

    Four parcels near Erie's bayfront, suitable for various development uses.

    Lot size:
    0.08 Acres

    Property Features for 114 Sassafras St

    General Information

    Lot size
    0.08 Acres

    Source: Colliers | Pittsburgh Agent Patrick Sentner, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Erie Bayfront Development Opportunity

    Four parcels of land are available near Erie's bayfront, suitable for a variety of development uses. The location offers close proximity to multiple universities, colleges, and medical institutions, providing access to a diverse labor force. The surrounding area includes local retailers, restaurants, bars, and cafes. Erie International Airport and multiple major throughways are within a 20-minute drive.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm 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
    -80.091995
    Latitude
    42.132275

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    FAQs

    What type of property is this?
    Land - Four parcels near Erie's bayfront, suitable for various development uses.
    Where is this land located?
    The property is located at 114 Sassafras St Erie, PA.
    What are key features of this property?
    This property features: - Four parcels available for development steps from Erie's bayfront.; - Close proximity to universities, colleges, and medical institutions.; - Access to a diverse labor force.
    (412) 321-4200
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    114 Sassafras 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
    114 Sassafras St Erie, PA 16507
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