147 12Th St Erie, PA 16501
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.
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.