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8350 Oliver Rd Erie, PA 16509

OFF-MARKET Land Google Maps
8.14 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 8.14-acre industrial development site presents a compelling investment opportunity in Erie, Pennsylvania. Located at 8350 Oliver Road, this level lot boasts 570 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 approximately 15,518 residents within a 3-mile radius and approximately 70,286 residents within a 5-mile radius. The property's APN is 40-017-073.0-023.02. Priced at $610,500, or $75,000 per 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 profile

Verified
Property type Land
Lot 8.14 ac (354,578 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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