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Property profile & analytics
OFF-MARKET
Land

0 Vlg Cmns Dr Erie, PA 16506

1.01 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 1.01 ac (43,996 SF)
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
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Comparable Approach Comparable
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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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