Waterfront Multi-Family Development
For Sale
$795,000
Pending
636 W 3rd St, Erie, PA 16507
Multi-parcel waterfront development site with zoning for residential units and views of Lake Erie.
Property SizeContact for details
Lot Size2.69 Acres
Days on Market759
Property Features for 636 W 3rd St
General Information
Standard status
Pending
Lot size
2.69 Acres
Property subtype
Land
Zoning
W-R, R-2
Additional Details
Multifamily Units
109
Taxes and HOA fees
Annual Taxes
$4,759
Listing Agency:
SBRE - Sherry Bauer Real Estate Services
(814) 460-2000
Listed By:
Sherry Bauer · License #RM422666
(814) 460-2000
Source:
Exprealty
Added: Jul 15, 2024
Changed: Aug 8
Last Checked: Aug 8 at 7:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SBRE - Sherry Bauer Real Estate Services
Investment Insights
Based on property information with market context.
This multi-family development site totals 2.69± acres and is an assemblage of 18 parcels, providing frontage on all four sides of the block along W. 2nd, W. 3rd, Cherry, and Poplar Streets. The property is zoned primarily Waterfront Residential (W-R) at 2.42± acres, with an additional 0.27± acres zoned R-2 (Medium Density Residential). The site is described as having views of Lake Erie.
The location is noted as being 1 block from the bayfront and within walking distance to Gannon University, UPMC Hamot Hospital, and downtown Erie. This combination of proximity and access through multiple street frontages supports a flexible layout approach for a residential development.
From a development perspective, the property is positioned for residential use under its existing zoning, with the remarks indicating zoning authorization for up to 109 residential units. The site’s multi-parcel configuration and coverage of multiple street frontages can help streamline planning for entries and internal circulation, while the listed tax incentives may be relevant for qualified development activity.
The location is noted as being 1 block from the bayfront and within walking distance to Gannon University, UPMC Hamot Hospital, and downtown Erie. This combination of proximity and access through multiple street frontages supports a flexible layout approach for a residential development.
From a development perspective, the property is positioned for residential use under its existing zoning, with the remarks indicating zoning authorization for up to 109 residential units. The site’s multi-parcel configuration and coverage of multiple street frontages can help streamline planning for entries and internal circulation, while the listed tax incentives may be relevant for qualified development activity.
Key Highlights
- 2.69± acre multifamily development site comprising an assemblage of 18 parcels
- Frontage on all 4 sides of the block: W. 2nd, W. 3rd, Cherry & Poplar Streets
- Zoned primarily W‑R (Waterfront Residential) at 2.42± acres, with an additional 0.27± acres zoned R‑2 (Medium Density Residential)
Property Analytics
Property Profile
Current Use
Lease Details
109
Residential units
Location Intelligence
Trade Area within ½ mile
2,854
Businesses Nearby
Explore this area
Business Placement
Demographics for 16507, PA
9,429
Population
4,149
Households
2.3
Avg Household Size
31
Median Age
20%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
4,490
Density / Sq Mi
$34,474
Median Household Income
$20,833
Median Earnings
$1,016
Median Rent
$66,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Multi-parcel waterfront development site with zoning for residential units and views of Lake Erie.
Where is this residential land & home lot located?
The property is located at 636 W 3rd St Erie, PA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 2.69± acre multifamily development site comprising an assemblage of 18 parcels; Frontage on all 4 sides of the block: W. 2nd, W. 3rd, Cherry & Poplar Streets; Zoned primarily W‑R (Waterfront Residential) at 2.42± acres, with an additional 0.27± acres zoned R‑2 (Medium Density Residential)
