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    2305 Asbury Rd Erie, PA 16506

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    For Sale
    Contact for pricing

    Prime Erie location, 1.63+ acres, light industrial.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.63-acre +/- parcel presents a remarkable opportunity for light industrial development in Erie, Pennsylvania. Strategically located at 2305 Asbury Road, this property boasts excellent visibility and accessibility, situated in a high-traffic area alongside established national retailers. The site offers approximately 226 feet of frontage, providing ample space for building construction and convenient access for vehicles and deliveries. Its classification as light industrial land makes it suitable for a variety of uses, including warehousing, distribution centers, or light manufacturing facilities. The property's location within a thriving commercial corridor, alongside major retailers such as Lowe's, Sheetz, Wegman's, and Walmart, ensures high visibility and significant foot traffic, creating a strong foundation for business success. The address is 2305 Asbury Rd, Erie, PA 16506, within Erie County. This prime location offers easy access to major transportation routes, facilitating efficient logistics and distribution. The land is ready for development, presenting a unique opportunity for investors and businesses seeking a strategic location in a rapidly growing area. The property's size and location make it an ideal investment for those seeking to establish a presence in a high-demand commercial zone. This is a rare opportunity to acquire a well-positioned industrial land parcel in a highly desirable location.

    Property Features for 2305 Asbury Rd

    General Information

    Property type
    Land
    Lot Size
    69,696 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Installation Services Contractor Lowe's Garden Center Garden Center Minute Key Key Duplication Service Primo Water Exchange Bottled Water Supplier Lowe's Home Improvement Home Improvement Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Clothing Store 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
    -80.1831365
    Latitude
    42.0740419

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    FAQs

    What type of property is this?
    Land - Prime Erie location, 1.63+ acres, light industrial.
    Where is this land located?
    The property is located at 2305 Asbury Rd Erie, PA.
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    2305 Asbury Rd Erie, PA 16506
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    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
    2305 Asbury Rd Erie, PA 16506
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