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Property profile & analytics
OFF-MARKET
Land

147 12Th St Erie, PA 16501

0.64 ac lot
Property ID
Property summary
AI-generated overview

This exceptional commercial land opportunity presents 0.64 acres (28,000 square feet) of prime real estate in Erie County, ideally situated within a C-3 Central Commercial zoning district. The property, encompassing Erie County Parcel ID numbers 15-020-008.0-210.00, and a portion of 15-020-008.0-215.00, offers significant potential for various commercial ventures. This is a ground lease opportunity, presenting a unique investment prospect with a current annual lease rate of $40,000.00, NNN (Net, Net, Net). The single-tenant arrangement provides a straightforward and potentially lucrative investment. The C-3 zoning allows for a wide range of commercial uses, making this property highly adaptable to diverse business plans. Its strategic location within the central commercial district ensures high visibility and accessibility, attracting significant foot traffic and customer engagement. This is an excellent chance to acquire a well-positioned commercial land asset in a thriving area. Detailed property information and potential development options are available upon request. Serious inquiries only.

Property profile
Verified
Property type Land
Lot 0.64 ac (27,878 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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