Investment Opportunity on Erie's Bayfront: Four Parcels Available for Sale (0.38 AC)

Available for sale are four separate parcels in Erie, PA, zoned for a variety of developmental uses and ideally located just steps from the Presque Isle Bay and minutes from Route 5 and the I-79 interchange! Each of these parcels, totalling 0.38 acres of flat, usable land, are positioned within an opportunity zone and located adjacently to each other on the northern end of Sassafras Street, connected to cross streets West Front Street, Short Street, and West 2nd Street. 

• Parcel #1 ID: 17-040-043-202 (0.14 AC)
• Parcel #2 ID: 17-040-043-201 (0.6 AC)
• Parcel #3 ID: 17-040-043-200 (0.10 AC)
• Parcel #4 ID: 17-040-043-101 (0.8 AC)

Each of the four parcels are zoned Waterfront District, which is designed to provide a framework that guides and controls development within the Erie Bayfront. 

• W-C and W-C2 (Waterfront Commercial Districts) shall be de­signed for residential, commercial, recreational and historical uses.
• W-M (Waterfront Manufacturing District) shall be designed for industry that requires waterfront or waterfront-related uses.
• W-R (Waterfront Residential District) shall be designed single-, two- and multiple-family dwellings of high density on valuable properties or property where good access, public utilities and common facilities warrant a higher density of population.
• W-C3 shall be designed for commercial, cultural and recre­ational uses.

Permitted uses of the Sassafras Street parcels includes essential services, off-street parking, professional offices, an eating/drinking establishment, multiple-family dwellings, hotels/motels/inns, light manufacturing and more!

These four parcels are located within a 15-minute drivetime of numerous medical and educational institutions, including Gannon University, Mercyhurst University, UPMC Hamot Hospital, Erie Community College, and the Lake Erie College of Osteopathic Medicine; throughways accessible within a 10-minute drivetime of the Sassafras Street parcels include Route 5, Route 20, Route 19, Route 290, and I-79. Additionally, the Erie International Airport is located just a 20-minute commute southwest of the properties’ location.

For investors interested in residential development, the Sassafras Street parcels offer incredible proximity to a wide variety of amenities that would draw families and young professionals alike: with over seven local parks, the Presque Isle State Park, a multitude of cafes, bars, and eateries, as well as several elementary and high schools all positioned within a 2-mile radius of the site, this opportunity provides near-immediate access to some of the best community amenities that Erie has to offer.

Interested in this development opportunity? Please contact Patrick Sentner, Cody Sharik, or Meriel Curry for more information on pricing and availability!