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    8340 Oliver Rd Erie, PA 16509

    Sponsored
    For Sale
    $390,000

    5.2-acre industrial site, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.2-acre industrial development site presents a compelling investment opportunity in Erie, Pennsylvania. Located at 8340 Oliver Road, this level parcel boasts 216 feet of frontage, offering excellent visibility and accessibility. The property is zoned for industrial use within Summit Township and benefits from readily available public water and sewer services. Its strategic location provides convenient access to major transportation arteries, situated just 1.2 miles from Interstate 90 (Exit 24) and 3.8 miles from Interstate 79, ensuring seamless connectivity for logistics and distribution. The site's proximity to the J. Robert Baldwin Business Park further enhances its appeal. Strong demographics support this location, with an estimated population of approximately 15,518 within a 3-mile radius and approximately 70,286 within a 5-mile radius. The property's APN is 40-017-073.0-023.06. Priced at $390,000 ($75,000/acre), this land offers significant potential for industrial development and represents a rare opportunity in a thriving market. Additional information is available upon request.

    Property Features for 8340 Oliver Rd

    General Information

    Property type
    Land
    Lot Size
    226,512 SF
    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 - 5.2-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 $390,000.
    Request Owner's contact information
    8340 Oliver Rd 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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