4825 23Rd St Erie, PA 16506
This exceptional 2-acre commercial/industrial land parcel presents a unique investment opportunity. Located in a high-visibility area, this property boasts 297 feet of frontage and is zoned MU-2 Mixed Use Corridor, allowing for a diverse range of development possibilities. The site is ideally suited for a variety of uses, including light industrial buildings, office spaces, retail establishments, service businesses, or even a mechanic's shop. The property is currently a ground lease, and the owner is open to considering build-to-suit options under mutually agreeable terms. The parcel's convenient location offers excellent accessibility and visibility, situated near established businesses such as Wegmans and a new Starbucks adjacent to PNC Bank. While a USPS address is not yet assigned, the property's prime location ensures easy identification and access. The lot size is precisely 2 acres, identified by APN 33-042-230.1-007.00. This is a rare chance to acquire a strategically positioned land parcel with significant development potential in a thriving commercial area. Don't miss this opportunity to secure a prime location for your next project. This single-tenant property offers unparalleled flexibility and potential for substantial return on investment.
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.