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Property profile & analytics
OFF-MARKET
Land

4825 23Rd St Erie, PA 16506

2 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 2 ac (87,120 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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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