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    147 12Th St Erie, PA 16501

    Sponsored
    For Lease
    $1.43 SF/Yr

    Prime Commercial Land: 0.64 Acres

    Lot size:
    28,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land opportunity presents 0.64 acres (28,000 square feet) of prime real estate in Erie County, ideally situated within a C-3 Central Commercial zoning district. The property, encompassing Erie County Parcel ID numbers 15-020-008.0-210.00, and a portion of 15-020-008.0-215.00, offers significant potential for various commercial ventures. This is a ground lease opportunity, presenting a unique investment prospect with a current annual lease rate of $40,000.00, NNN (Net, Net, Net). The single-tenant arrangement provides a straightforward and potentially lucrative investment. The C-3 zoning allows for a wide range of commercial uses, making this property highly adaptable to diverse business plans. Its strategic location within the central commercial district ensures high visibility and accessibility, attracting significant foot traffic and customer engagement. This is an excellent chance to acquire a well-positioned commercial land asset in a thriving area. Detailed property information and potential development options are available upon request. Serious inquiries only.

    Property Features for 147 12Th St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,000 SF

    Unit(s) available at that property

    Space
    Size
    28,000 SF
    Rate per SF
    $1.43

    HighLights

    • 0.64‑acre commercial land parcel available for ground lease.
    • 28,000 square feet of land zoned C‑3 Central Commercial.
    • Single‑tenant ground lease opportunity.
    • Annual ground lease rate of $40,000, NNN.
    • Erie County, NY location; APN: 15‑020‑008.0‑210.00, 15‑020‑008.0‑210.00 and part of 15‑020‑008.0‑215.00.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.078003
    Latitude
    42.1244219

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land: 0.64 Acres
    Where is this land located?
    The property is located at 147 12Th St Erie, PA.
    What is the lease rate?
    The lease rate is $1.43 SF/Yr.
    What are key features of this property?
    This property features: 0.64-acre commercial land parcel available for ground lease.; 28,000 square feet of land zoned C-3 Central Commercial.; Single-tenant ground lease opportunity.
    Request Owner's contact information
    147 12Th St Erie, PA 16501
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    Erie, PA 16501
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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
    147 12Th St Erie, PA 16501
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