0 Lake Rd, Erie, PA 16505
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.
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
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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.