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    Village Common Dr Erie, PA 16506

    Sponsored
    For Lease
    Contact for pricing

    Prime 1.36-acre development site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.36-acre commercial land parcel presents a unique development opportunity in the desirable Niagara Village, located in southwest Millcreek, PA. Boasting frontage on both Zuck Road and Village Common Drive, this property enjoys a prime location within an attractive business area. Its campus-like setting offers a peaceful yet accessible environment, situated conveniently near Select Mortgage. The strategic location provides easy access to I-79 and Interchange Road, a significant advantage given the ongoing Interchange Road expansion. This site is ideally suited for the construction of a professional office building, and benefits from existing infrastructure including a sidewalk and readily available utilities at the street. Monument signage is permitted on Zuck Road, enhancing visibility and branding opportunities. While partial storm water capacity is available off-site, the property is subject to deed restrictions. This exceptional offering combines prime location, convenient access, and desirable amenities, making it an attractive investment prospect. The property is also available for sale.

    Property Features for 0 Village Common Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Size
    0 SF

    HighLights

    • 1.36‑acre commercial land parcel in Millcreek, PA.
    • Single‑tenant property ideal for professional office use.
    • Located in a desirable business park setting near I‑79 and Interchange Road.
    • Features monument signage on Zuck Road and existing sidewalks.
    • Utilities available at the street; partial storm water capacity available off‑site.
    • Subject to deed restrictions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Erie
    County
    Pa
    State
    Pennsylvania
    Longitude
    -80.1142658
    Latitude
    42.0676743

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    FAQs

    What type of property is this?
    Office Property / Space - Prime 1.36-acre development site
    Where is this office property / space located?
    The property is located at Village Common Dr Erie, PA.
    What are key features of this property?
    This property features: 1.36-acre commercial land parcel in Millcreek, PA.; Single-tenant property ideal for professional office use.; Located in a desirable business park setting near I-79 and Interchange Road.
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    Village Common Dr Erie, PA 16506
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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
    Village Common Dr Erie, PA 16506
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