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    8340 Oliver Rd Erie, PA 16509

    Sponsored
    For Sale
    $1,000,500

    13.34-acre industrial site, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 13.34-acre industrial development opportunity presents a compelling investment prospect. Comprising two parcels situated on Oliver Road, near the J. Robert Baldwin Business Park in Erie, Pennsylvania, this level site boasts 786 feet of road frontage. Its strategic location offers unparalleled access to major transportation arteries, being just 1.2 miles from I-90 (Exit 24) and 3.8 miles from I-79. The property is zoned for industrial use within Summit Township, PA, and benefits from readily available public water and sewer services. Detailed information is available upon request. The asking price is $1,000,500, reflecting a land value of $75,000 per acre. The strong demographics of the area further enhance its appeal, with approximately 15,518 residents within a 3-mile radius and approximately 70,286 within a 5-mile radius. The property's APN is 40-017-073.0-023.02, 40-017-073.0-023.02. This presents a rare chance to acquire a well-positioned industrial land parcel in a thriving area.

    Property Features for 8340 Oliver Rd

    General Information

    Property type
    Land
    Lot Size
    581,090 SF

    HighLights

    • Prime location near I‑90 and I‑79 interchanges.
    • Public water and sewer utilities available.
    • Industrially zoned in Summit Township, PA.
    • Strong demographics: ~15,518 population within 3 miles, ~70,286 within 5 miles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Wholesale Shop Auto Repair Shop Clothing Store Pharmacy Auto Parts Store Gym & Fitness Hotel & Motel Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.0900685
    Latitude
    42.0360997

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    FAQs

    What type of property is this?
    Land - 13.34-acre industrial site, prime location.
    Where is this land located?
    The property is located at 8340 Oliver Rd Erie, PA.
    What is the asking price?
    The asking price for this property is $1,000,500.
    What are key features of this property?
    This property features: Prime location near I-90 and I-79 interchanges.; Public water and sewer utilities available.; Industrially zoned in Summit Township, PA.
    Request Owner's contact information
    8340 Oliver 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
    8340 Oliver Rd Erie, PA 16509
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