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636 W Third St - Bayview Heights 2.69 Acres of Residential Land Offered at $795,000 in Erie, PA 16507
INVESTMENT HIGHLIGHTS
- 2.69± Acre Multi-Family Development Site with Bay Views
- Can Accomodate Up to 109 Residential Units
- Zoned R-2 (Medium Density Residential) & W-R (Waterfront Residential)
- Shovel Ready with Public Utilities
- Located Near Gannon University & UPMC Hamot
- Tax Incentives & Loan Programs Available
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Taxes |
$4,759
|
$1,769.14
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,759
|
$1,769.14
|
FINANCIAL SUMMARY (ACTUAL - 2022)
| Taxes | |
|---|---|
| Annual | $4,759 |
| Annual Per AC | $1,769.14 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $4,759 |
| Annual Per AC | $1,769.14 |
PROPERTY FACTS Under Contract
| Price | $795,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 2.69 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | W-R, R-2 | ||
| Price | $795,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 2.69 AC |
| Opportunity Zone |
Yes |
| Zoning | W-R, R-2 |
1 LOT AVAILABLE
Lot
| Price | $795,000 | Lot Size | 2.69 AC |
| Price Per AC | $295,539.03 |
| Price | $795,000 |
| Price Per AC | $295,539.03 |
| Lot Size | 2.69 AC |
DESCRIPTION
2.6877± acre multi-family development site. Shovel ready site with public utilities. Assemblage of 18 parcels with frontage on W. 2nd, W. 3rd, Cherry & Poplar Streets. Zoned primarily W-R, Waterfront Residential (2.42± acres), with 0.27± acres zoned R-2, Medium Density Residential. Located 1 block from the bayfront promenade and within walking distance to Gannon University, UPMC Hamot Hospital & downtown Erie. Site offers views of Lake Erie. Currently zoned for up to 109 residential units. Contact broker for additional information.
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $126,600 (2025) | |
| Land Assessment | $126,600 (2025) | Annual Taxes | $4,759 |
| Improvements Assessment | $0 (2025) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$126,600 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$126,600 (2025)
Annual Taxes
$4,759
Tax Year
2022
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636 W Third St - Bayview Heights
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