35Th St Erie, PA 16510
- Land
- 15.38 lot acres
Current Use by Public Records
- Land
Property Details for 0 35Th St
- Lot size
- 15.38 lot acres
- Property type
- Land
Description
This exceptional 15.38-acre development site presents a unique investment opportunity in Erie, Pennsylvania. Comprising an assemblage of eight parcels (APN: 18-052-038.0-100.00; 18-051-052.0-100.00, -200.00 & -300.00; 18-051-051.0-100.00, -130.00, -200.00 & -209.00), this property boasts approximately 12.38 usable acres zoned R-1 for low-density residential development. Its prime location offers unparalleled convenience, situated just one mile from Penn State Behrend, a university with approximately 4,500 students, and 2.5 miles from I-90 at Exit 32. The property's proximity to downtown Erie and Presque Isle State Park, with its seven miles of sandy beaches, adds significant appeal. Public utilities are readily available. This site is ideal for single-family residential construction, aligning perfectly with the area's growing demand for housing. The property is primarily cleared, with some wooded areas. The asking price is $185,700, translating to approximately $15,000 per usable acre. Significant tax incentives, including the LERTA tax abatement program, are available for developers. Up to 99 acres of adjacent land may also be available. This presents a compelling opportunity for developers seeking a prime location with strong potential for return on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Erie
- County
- Erie
- State
- Pennsylvania
- Longitude
- -80.0107
- Latitude
- 42.1266
