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Property profile

242 Shannon Rd Erie, PA 16510

OFF-MARKET
Other commercial real estate
Property ID
US73-1667648
26.37 ac lot
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial land tract in Harborcreek Township near Penn State Behrend consisting of 26.37± acres total, including 22.77± acres of usable land for development. Site access is available from three roads: approximately 2,000 feet along the Bayfront Connector/State Route 290, ±1,800 feet along E. 38th Street with one curb cut, and ±800 feet along Shannon Road, with a signalized corner at the intersection of the Bayfront Connector and Shannon Road. The tract is located near…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value · 2024$143k
Assessed land$143k
Effective rate2.63%

Value estimate

· Oct 2026
$260k
$234k – $286k
AI approach$260k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$44/SF
Submarket average, outlier-cleaned · 169 recorded sales of this use type
Observed band · Q1–Q3$28 – $65

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R3
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant34.9
Law Firm27.3
Building Supply25.7

Location

242 Shannon Rd Erie, PA 16510
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5361 Buffalo, Erie, PA 16510-2311 $5,433,071 Feb 2025 No data
6122 Sta, Erie, PA 16510-4729 $2,500,000 Jan 2025 576 SF
Mcclelland, Erie, PA 16510 $715,000 Oct 2023 No data
Paragon, Erie, PA 16510 $317,896 Sep 2023 No data
6100 Sta, Erie, PA 16510-4729 $550,000 May 2023 No data
1811 Paragon, Erie, PA 16510-1125 $201,489 Jul 2022 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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