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    OFF-MARKET
    Land

    0 Lake Rd, Erie, PA 16505

    5.22 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 5.22-acre parcel presents a unique opportunity for residential development in desirable Erie, Pennsylvania. Located at 0 West Lake Road in Erie County, this property boasts a coveted R-1 Single Family Residential zoning designation, allowing for the construction of a single-family home. The expansive lot offers ample space for a custom-built residence, providing privacy and tranquility while remaining conveniently situated near Westlake Middle School. The address is 0 West Lake Rd, Erie, PA 16505, with GPS coordinates of 42.0893117 latitude and -80.1819043 longitude. The asking price for this remarkable land opportunity is $200,000. Buyers will appreciate the potential to create their dream home on this sizable lot in a sought-after area. The property's location within Millcreek Township offers access to local amenities and services, making it an ideal location for building a new residence. This is a rare chance to acquire a substantial piece of land in a highly desirable residential zone, ready for immediate development. Serious inquiries are encouraged to explore this exceptional opportunity. The property is zoned for single-family residential use only. All utilities are available at the street.

    Property profile
    Verified
    Property type Land
    Lot 5.22 ac (227,383 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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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