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Property profile & analytics
FOR LEASE
Commercial real estate

4806 W Ridge Rd Erie, PA 16506

2 ac lot
Property ID
US73-1466806
Property summary
AI-generated overview

This exceptional 2-acre commercial/industrial land parcel presents a unique investment opportunity in Erie, Pennsylvania. Located on West 23rd Street, this property boasts 297 feet of frontage and is zoned MU-2 Mixed Use Corridor, allowing for a variety of development options. Ideal for light industrial buildings, office spaces, retail establishments, service businesses, or even a mechanic's shop, this site offers significant potential. The property is situated in a high-visibility location near major retailers such as Wegmans and a new Starbucks adjacent to PNC Bank, ensuring high traffic and excellent brand exposure. While the address is not yet officially assigned by the USPS, the property is clearly identified as the northern 2 acres of APN 33-042-230.1-007.00. The seller will consider build-to-suit proposals under agreeable terms, making this a flexible and attractive option for developers. This is a ground lease opportunity. The property is currently vacant and ready for immediate development. This prime location and flexible zoning make this a truly exceptional opportunity for investors and developers seeking a high-impact commercial or industrial project.

Property profile
Verified
Property type Commercial real estate
Lot 2 ac (87,120 SF)
UPID US73-1466806
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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