1318 E Lake Rd - 1318 East Lake Rd.
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1318 E Lake Rd - 1318 East Lake Rd.
23 Acres of Commercial Land Offered at £418,611 in Erie, PA 16507
Investment Highlights
- Prime waterfront land near Port of Erie.
- Key waterfront location provides access to waters of Lake Erie through the nearby harbor. Convenient access to interstates and adjacent rail line.
- All public utilities are available.
- Located in a Federal Opportunity Zone. 10-year LERTA, a tax abatement program designed to encourage reinvestment in the City of Erie.
Executive Summary
This site is located in the prime waterfront location. Nearby businesses include some of Erie County's largest and most innovative employers. The site is also near affordable residential areas and the downtown Erie, PA commercial and entertainment district. Key waterfront location provides access to waters of Lake Erie through the nearby harbor. Convenient access to interstates and adjacent rail line add to the transportation potential of this site. This site is located in a Federal Opportunity Zone. Also under a 10-year LERTA, a tax abatement program designed to encourage reinvestment in the City of Erie.
Property Facts
| Price | £418,611 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 23.00 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | £418,611 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 23.00 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | £418,611 | Lot Size | 23.00 AC |
| Price Per AC | £18,200 |
| Price | £418,611 |
| Price Per AC | £18,200 |
| Lot Size | 23.00 AC |
The site is approx. 23 acres (14 AC land, 9 AC water). Prime waterfront land near Port of Erie. All public utilities are available. Zoning is manufacturing and commercial. One parcel of a former manufacturing site reclaimed for new industries.
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PROPERTY TAXES
| Parcel Number | 14-011-002.0-516.00 | Improvements Assessment | £0 |
| Land Assessment | £123,431 | Total Assessment | £123,431 |
PROPERTY TAXES
Parcel Number
14-011-002.0-516.00
Land Assessment
£123,431
Improvements Assessment
£0
Total Assessment
£123,431
zoning
| Zoning Code | W-C3 (Special W-C3 Waterfront Commercial (Manufacturing is allowed)) |
| W-C3 (Special W-C3 Waterfront Commercial (Manufacturing is allowed)) |
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Presented by
Erie County Redevelopment Authority
1318 E Lake Rd - 1318 East Lake Rd.
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