4806 W Ridge Rd Erie, PA 16506
For Lease
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.