Sassafras Street
Bayfront Residential Development Opportunity | Erie, PA
Marketing description
Rare Infill Development Site Steps from Presque Isle Bay
Rare opportunity to acquire four residential development parcels in Erie’s Bayfront district, one of the region’s most active redevelopment corridors. Located on Sassafras Street between West Front Street and Short Street, the property sits just steps from Presque Isle Bay, waterfront parks, and marina access, making it an ideal location for new residential construction.
The offering includes three contiguous parcels totaling ±12,807 SF plus an additional ±3,403 SF corner parcel, providing flexibility for developers to construct single-family homes, duplexes, townhomes, or small multifamily residences under the WR – Waterfront Residential zoning designation.
Development activity throughout the surrounding Bayfront area continues to accelerate, driven by ongoing investment, nearby residential projects, and increasing demand for housing within walking distance of the waterfront. Buildable residential land in this district remains limited and highly sought after, creating a compelling opportunity for developers to deliver new housing in a supply-constrained market.
With public utilities available, paved street frontage, and proximity to Erie’s waterfront amenities, these parcels are well positioned for a variety of residential development strategies including build-to-rent, for-sale homes, or boutique multifamily projects.
Investment highlights
Four vacant residential development parcels
±16,210 SF total land area
Three contiguous parcels totaling ±12,807 SF
Additional ±3,403 SF corner parcel
WR – Waterfront Residential zoning
Allows single-family, duplex, and multifamily development
Steps from Presque Isle Bay and waterfront parks
Located in Erie’s growing Bayfront redevelopment district
Public water, sewer, gas, electric, and storm sewer available
Infill development opportunity in supply-constrained market
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