![]() ![]() Permitted uses include colleges, multi-family dwellings, dormitories, planned research & business park, and more. The site is mostly level, at street grade and primarily cleared with some wooded areas. 38th Street & approximately 1,300’ frontage Shannon Road including 1 curb cut. The site includes approximately 400’ frontage along E. LOT 3 Lot 3 consists of 2 parcels totaling 57.206± acres with 45.31± usable acres. See flyer for full list of permitted uses and yard & height requirements. Multi-family dwellings permitted with up to 16 units per acre – up to 211 units (based on usable acreage). See flyer for full list of permitted uses. Zoning allows for many potential uses including retail, office, hotel/motel, day care centers, medical/dental clinics, mixed commercial-residential buildings, & multi-family dwellings. Zoned R-4, College Related Residential/Commercial District. Previously developed with 3 structures totaling 18,063± SF – vandalized beyond economic repair & in need of demolition. The site is mostly level, at street grade and partially cleared with some wooded areas. 38th Street including 3 curb cuts & approximately 400’ frontage along Shannon Road. The site includes approximately 1,000’ frontage along E. LOT 2 Lots 2 consists of 2 parcels totaling 13.716± acres with 13.22± useable acres. Multi-family dwellings permitted with up to 16 units per acre – up to 364 units (based on usable acreage). ![]() Site includes the corner at the signalized intersection of the Bayfront Connector & Shannon Road. Located in a high traffic area with excellent visibility. 38th Street including 1 curb cut & ☘00’ frontage along Shannon Road. The development site includes frontage along 3 roads: approximately 2,000’ frontage along the Bayfront Connector/State Route 290, ☑,800’ frontage E. LOT 1 Lot 1 consists of a single 26.37± acre parcel with 22.77± usable acres. Tax incentives available for development including the LERTA tax abatement program. 10,997 Average Annual Daily Traffic (AADT 2022) along the Bayfront Connector / Route 290 6,610 AADT along Shannon Road and 6,186 AADT along E. Major nearby developments include GetGo, Country Fair, a brewery/restaurant, a chiropractic office, a dance studio, Knowledge Park – a 100-acre research & development complex - home to 21 businesses employing 600, & Penn State Behrend, The Behrend College, with approximately 4,500 enrolled students. Ideally situated in the tr-state area 90 minutes from Cleveland & Buffalo and 2 hours from Pittsburgh. Located approximately 1 mile from Penn State Behrend’s campus and a short drive to downtown Erie & Presque Isle State Park with its 7 miles of sandy beaches along the shores of Lake Erie. Offering includes an assemblage of 13 parcels organized into four development sites ranging in size from 13 to 57 acres with zoning for single family, multi-family &/or commercial development. Up to 112± acre development site just 2.5 miles from I-90 at Exit 32 near Penn State Behrend, The Behrend College. 38th Street & the Bayfront Connector / Stat Route 290 at Shannon Road. Contact broker for additional information or to schedule a tour.Ģ.5 Miles from I-90 at Exit 32 - near Penn State Behrend, the Behrend College. Offered at a 10.74% 5-year average cap rate. $31,0205 Five-year average pro-forma net operating income (2022-2026). $43,134 Five-year average proforma annual rental income (2022-2026). ![]() 43% occupancy – other spaces formerly owner occupied. Zoned B-1, Business District allowing for many potential uses: office, retail, day care, medical clinics & more (see flyer for full list). Situated on 2 parcels totaling 0.2204± acres with 7 street-side parking spaces. Unit 4: 763± SF storage space off shared lobby - could be converted to office. ![]() Unit 3: 800± SF leased 1 bedroom/1 bathroom apartment with fenced yard. Unit 2: 1,344± SF leased office suite - currently Seniors Choice Home Care, LLC. Unit 1: 2,048± SF office features 3 private offices, open work area, break room, 2 storage rooms & 2 restrooms. 2,811± SF is available for owner occupancy including 2,048± SF office & 763± SF storage space. Unit mix includes 2 offices, 1 bedroom/1 bathroom apartment & 1 storage space. 4,955± SF, 4-unit mixed-use commercial investment property for sale in downtown Lawrence Park. Main Street between Smithson & Sillman Avenues. ![]()
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