242 Shannon Road - Up To 99 Acres Near Penn State Behrend

Up to 99± acre development site just 2.5 miles from I-90 at Exit 32 near Penn State Behrend. Offering includes an assemblage of 11 parcels organized into three development sites ranging in size from 15 to 57 acres with zoning for single family, multi-family &/or commercial development. 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. Ideally situated in the tri-state area 90 minutes from Cleveland & Buffalo and 2 hours from Pittsburgh. 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, and Penn State Behrend with approximately 4,500 enrolled students. Located in a high traffic area with excellent visibility. 8,300 Average Annual Daily Traffic (AADT) along the Bayfront Connector / Route 290; 4,700 AADT along Shannon Road and 5,500 AADT along E. 38th Street (PennDOT AADT, 2022 Count Year). Public utilities available. Tax incentives available for development including the LERTA tax abatement program.
LOT 1
Lot 1 consists of a single 26.37± acre parcel with 22.77± usable acres. The development site includes frontage along 3 roads: approximately 2,000’ frontage along the Bayfront Connector/State Route 290, ±1,800’ frontage E. 38th Street including 1 curb cut & ±800’ frontage along Shannon Road. Located in a high traffic area with excellent visibility. Site includes the corner at the signalized intersection of the Bayfront Connector & Shannon Road. Public utilities available. Located in Harborcreek Township. Zoned PU, Public University District. Permitted uses include colleges, multi-family dwellings, dormitories, planned research & business park, and more. Multi-family dwellings permitted with up to 16 units per acre – up to 364 units (based on usable acreage). See flyer for full list of permitted uses and yard & height requirements. Offered at $796,950 or $35,000/Acre (based on 22.77± usable acres).
LOT 2
Lot 2 consists of 2 parcels totaling 57.206± acres with 45.31± usable acres. The site includes approximately 400’ frontage along E. 38th Street & approximately 1,300’ frontage Shannon Road including 1 curb cut. The site is mostly level, at street grade and primarily cleared with some wooded areas. Public utilities available. Located in Harborcreek Township. Zoned PU, Public University District. Permitted uses include colleges, multi-family dwellings, dormitories, planned research & business park, and more. Multi-family dwellings permitted with up to 16 units per acre – up to 724 units (based on usable acreage). See flyer for full list of permitted uses and yard & height requirements. Offered at $906,200 or $20,000/Acre (based on 45.31± usable acres).
LOT 3
Lot 3 consists of an assemblage of 8 parcels totaling 15.3819± acres with 12.38± usable acres. Ideal for single-family residential development. The site is primarily cleared with some wooded areas. Public utilities available. Zoned R-1, Low Density Residential District, in the City of Erie. Zoning allows for single-family dwellings, churches, etc. See flyer for full list of permitted uses. Offered at $185,700 or $15,000/acre (based on 12.38± usable acres).
Contact broker for additional information.