1405 Buffalo Rd Erie, PA 16503
This exceptional commercial property, located at 1405 Buffalo Rd, Erie, PA 16503, presents a unique investment opportunity. The 2.29-acre lot boasts a high-visibility location at the intersection of Buffalo Road, Broad Street, and Kilpatrick Avenue, ensuring significant foot and vehicle traffic. The existing structure, a former CVS Pharmacy, offers a substantial 10,200 square feet of versatile space suitable for a wide range of commercial uses. The building's prominent position and ample size make it ideal for redevelopment or repurposing to meet diverse business needs. The asking price for this prime Erie County retail property is $850,000. This property is zoned for commercial use and offers significant potential for growth and return on investment. Its strategic location and substantial size make it an attractive option for entrepreneurs and investors seeking a high-impact commercial presence in a thriving area. The property's history as a successful pharmacy demonstrates its established viability and potential for continued success under new ownership. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial real estate offering.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
C3 · Erie, PAErie. Always verify with local authorities before improvements.
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.