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    2103 Edinboro Rd Erie, PA 16509

    Sponsored
    For Lease
    $30,600

    17-acre prime development site, C-2 zoning.

    Lot size:
    740,520 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 17-acre commercial development site presents a unique investment opportunity in Erie, Pennsylvania. Located at 2103 Edinboro Rd, this property boasts a highly desirable C-2 zoning designation and is conveniently situated across from the Millcreek Marketplace, ensuring high visibility and accessibility. The land is comprised of six parcels and is partially cleared, with the remaining area wooded. This assemblage offers flexibility for various development projects. The property is available for ground lease at a rate of $30,600 per acre per year, NNN. Alternatively, one-acre outparcels may be available for lease at $75,000 per year, NNN, contingent upon owner approval of subdivision and intended use. The owner is also open to further subdividing the 17-acre parcel, with pricing to be determined based on the specific configuration. For those seeking outright ownership, the property is offered for sale at $300,000 per acre. The property's address is 2103 Edinboro Rd, Erie, PA 16509, with a cross street of Interchange Road. The APN is available upon request. A deposit will be determined upon execution of a contract. This is an exceptional opportunity to acquire a strategically located and versatile commercial development site in a thriving market.

    Property Features for 2103 Edinboro Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    740,520 SF
    Total Rate
    30600

    Unit(s) available at that property

    Space
    Size
    740,520 SF
    Rate per SF
    $30,600

    HighLights

    • 17‑acre commercial development site in Erie, PA, at 2103 Edinboro Rd.
    • C‑2 zoning, high visibility across from Millcreek Marketplace.
    • Six parcels, partially cleared.
    • Ground lease available at $30,600/acre/year, NNN; one‑acre outparcels may be available for $75,000/year, NNN (subject to approval).
    • Owner will consider further subdivision; sale price: $300,000/acre.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.099691121704
    Latitude
    42.06296731548

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    FAQs

    What type of property is this?
    Land - 17-acre prime development site, C-2 zoning.
    Where is this land located?
    The property is located at 2103 Edinboro Rd Erie, PA.
    What is the lease rate?
    The lease rate is $30,600.
    What are key features of this property?
    This property features: 17-acre commercial development site in Erie, PA, at 2103 Edinboro Rd.; C-2 zoning, high visibility across from Millcreek Marketplace.; Six parcels, partially cleared.
    Request Owner's contact information
    2103 Edinboro Rd 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
    2103 Edinboro Rd Erie, PA 16509
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