Technical
Financial
Distress signals
Property profile

0 Buffalo Rd Erie, PA 16421

OFF-MARKET
Commercial real estate
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial land lease opportunity presents three contiguous lots, each spanning 0.84 acres, situated at the highly visible intersection of Buffalo Road (Route 20) and Gifford Drive in Erie, Pennsylvania, zip code 16421. The property is located directly across from a Walmart Supercenter, offering unparalleled exposure to a substantial customer base. This prime location benefits from its adjacency to the newly constructed Harbor Village, a 200+ unit residential apartment complex, ensuring a consistent flow of potential customers. Each lot is available for a $36,000 annual NNN land lease. The possibility exists to lease a larger parcel, contingent upon the intended use. All necessary utilities are readily available on-site, simplifying the development process. The property's strategic location and high visibility make it exceptionally well-suited for a diverse range of commercial ventures, including restaurants, bars, cafes, retail establishments, offices, studios, or fitness centers. Nearby established businesses include Erie Bank and Bob Evans, further enhancing the area's commercial appeal. This is a rare opportunity to secure a prominent location in a thriving commercial area.

Property profile

Verified
Property type Commercial real estate

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Buffalo Rd Erie, PA 16421
Erie metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

1 recent transactions · within 1.5 mi
Comparable in this city
1 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Buffalo Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message