0 Village Common Dr Erie, PA 16506
This exceptional 1.36-acre commercial land parcel presents a unique development opportunity in Erie, Pennsylvania. Situated in the attractive Niagara Village campus setting of southeast Millcreek, this property boasts convenient access to I-79 and Interchange Road, ensuring excellent visibility and connectivity. The site features all utilities readily available at the street, along with an existing sidewalk and driveway access from Village Common Drive. While a small wetland area is present near the eastern property line, the majority of the land is ready for development. Monument signage is available on Zuck Road, providing excellent branding potential. The property is subject to deed restrictions, details of which are available upon request. This prime location offers significant advantages for businesses seeking high visibility and convenient access. The asking price is $295,000, and the property is also available for lease at an annual rate of $16,000. This presents a compelling investment opportunity for developers and businesses alike. The property's location within a professional area and its proximity to major roadways make it an ideal site for a variety of commercial ventures. Serious inquiries are encouraged.
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.