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Property profile & analytics
OFF-MARKET
Land

0 Buffalo Rd Erie, PA 16421

Property ID
Property summary
AI-generated overview

This exceptional commercial land lease opportunity presents three contiguous lots, each spanning 0.84 acres, available at $36,000 per year on a triple net (NNN) basis. Strategically situated at the highly visible signalized intersection of Buffalo Road (Route 20) and Gifford Drive, this property benefits from exceptional visibility and accessibility. The site is directly across from a Walmart Supercenter and adjacent to the newly constructed Harbor Village, a 200+ unit residential apartment complex, ensuring a robust and growing customer base. The lots are ideal for a diverse range of commercial ventures, including restaurants, bars, cafes, retail establishments, offices, studios, or fitness centers. All utilities are available on-site, simplifying development. Larger lot sizes may be available depending on the intended use. This location offers unparalleled convenience and exposure, with nearby amenities such as Erie Bank and Bob Evans. Access is easily obtained from Buffalo Road, turning right onto Gifford Drive, with the driveway located on the right. Don't miss this chance to secure a prime commercial location in a thriving area.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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