0 Vlg Cmns Dr Erie, PA 16506
This exceptional 1.01-acre commercial land parcel presents a prime development opportunity in Erie, Pennsylvania's desirable Niagara Village, specifically located on Village Commons Drive, zip code 16506. Situated in a professional campus setting within southeast Millcreek, this property enjoys convenient access to I-79 and Interchange Road, ensuring excellent visibility and connectivity. The lot features a convenient driveway access point from Village Commons Drive and all utilities are readily available at the street, simplifying development plans. A pre-installed sidewalk enhances pedestrian accessibility. While a small wetland area exists near the eastern property line, the majority of the land is buildable. Monument signage is available on Zuck Road, providing excellent branding opportunities. The property is subject to deed restrictions, details of which are available upon request. This property is offered for sale at $159,500. Alternatively, a lease option is available for $16,000 annually. This location offers a unique blend of accessibility and visibility, making it ideal for a variety of commercial ventures. The property's strategic location and existing infrastructure make it a compelling investment opportunity.
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
Similar Nearby for Lease
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.