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    Village Common Dr Erie, PA 16506

    For Lease
    Contact for pricing

    Prime Development Land in Niagara Village

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial land parcel, identified as Village Common Dr Lot F, presents a unique development opportunity in Erie, Pennsylvania's desirable Niagara Village. Situated in the southeast Millcreek area, this property boasts convenient access to I-79 and Interchange Road, ensuring excellent visibility and connectivity. The single-tenant site is categorized as Land and Office, offering approximately one building suite. The property features a prime location within a professional campus setting, making it ideal for a variety of commercial ventures. While a small wetland area exists near the eastern property line, the majority of the land is readily developable. Further enhancing its appeal, the site includes pre-installed sidewalks and readily accessible utilities at the street. Driveway access is provided via Village Common Drive, and monument signage is available on Zuck Road. Potential buyers should be aware of existing deed restrictions. This 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

    • Exceptional development opportunity in Erie, PA's desirable Niagara Village.
    • Convenient I‑79 and Interchange Road access provides excellent visibility and connectivity.
    • Single‑tenant, Land and Office site with approximately one building suite.
    • Prime location within a professional campus setting.
    • Mostly developable land with pre‑installed sidewalks and readily accessible utilities.
    • Driveway access from Village Common Drive and monument signage on Zuck Road.
    Property Profile Insight Report 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 Development Land in Niagara Village
    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: Exceptional development opportunity in Erie, PA's desirable Niagara Village.; Convenient I-79 and Interchange Road access provides excellent visibility and connectivity.; Single-tenant, Land and Office site with approximately one building suite.
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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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