Property summary
This exceptional offering presents two contiguous commercial pad sites totaling 4.46 acres, situated within the thriving Liberty Center I retail center in Erie, Pennsylvania. Located at 3407 Liberty Street, this property boasts excellent visibility and accessibility. Site A, adjacent to Northwest Savings Bank, and Site B, fronting W. 36th Street, offer significant development potential. Each site is approximately 1.05 acres, with a combined total of up to 2.1 acres available. Both sites feature approximately 215 feet of frontage along Liberty Street and extend 212 feet deep to Poplar Street. The land is graded and previously served as an asphalt parking lot, simplifying site preparation. Public utilities are readily available. The property is zoned C-2, General Commercial District, allowing for a wide range of commercial uses. Liberty Center I is a bustling 229,805 square foot retail center, anchored by established businesses including Tops Friendly Market, Harbor Freight Tools, and Northwest Savings Bank, among many others. The asking price is $75,000 per acre per year, NNN. This presents a unique opportunity to establish a presence in a high-traffic, established commercial area. The property's location, size, and zoning make it an attractive investment for developers seeking a prime location in Erie, PA. The APN is 19-061-009.0-100.00. The property's frontage on Liberty Street is 653 feet.
Property profile
VerifiedCap rate & NOI
Current use
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Business Service Center Corporate Office
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Bank Loan Service
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C2 · Erie, PAZoning
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Zoning designation
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