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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.