4655 Buffalo RdErie, PA 16510

Property Details for 4655 Buffalo Rd

Year built

1955

Construction

FRAME

Lot size

2.81 AC

Property size (Sq ft)

1,134 SF

Zone code

R2B

Property type

Retail space

APN

27-057-147.0-086.00

APU

27057147008600

Description

This exceptional 2.81-acre commercial land parcel in Erie County, Pennsylvania, presents a unique investment opportunity. Situated at 4655 Buffalo Road, Harborcreek, PA 16510, this single-tenant property boasts a prime location just west of Value Home Center, conveniently nestled between Nagle Road and Saltsman Road on the south side of Route 20. The property is categorized as both land and retail, offering significant potential for various commercial ventures. A land lease is available, with a starting monthly rate of $4,000 (or $48,000 annually) on a triple net (NNN) basis. This high-traffic area ensures excellent visibility and accessibility for any business. The property's build-to-suit option provides flexibility for developers and businesses seeking a customized space tailored to their specific needs. The property's single-suite configuration simplifies management and occupancy. This is an ideal opportunity for businesses seeking a prominent location with high visibility and the potential for significant return on investment. The property is located in Erie County, offering access to a robust local economy and a strong consumer base. Don't miss this chance to secure a prime commercial location in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $299,890

  6.5%

  $276,821

  7%

  $257,048

• Comparable approach

  Method

  Valuation

  Relative Method

  $267,307

  Geo Method

  $267,307

• Alternative Use

  Use

  Valuation

  Residential

  $233,509

  Hospitality

  $213,893

  Educational

  $177,956

  Medical

  $184,077

  Retail

  $276,821

Location Insight

City

Erie

County

Erie

State

Pennsylvania

Latitude

42.1482

Longitude

-79.9967

CBSA code

21500

CBSA name

ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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