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Property profile & analytics
OFF-MARKET
Land

0 Village Common Dr Erie, PA 16506

1.36 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 1.36 ac (59,242 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
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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