1501 Peninsula Dr Erie, PA 16505

This exceptional commercial property package in Erie, PA, offers 16,388 square feet across four buildings situated on a 2.2-acre lot. The property boasts a prime location on Peninsula Drive, a high-traffic corridor with an average annual daily traffic count of 19,913 (2020 data). The strategic location includes three corners, encompassing W. 15th Street, W. 16th Street, and Hillborn Avenue, with a signalized intersection at Peninsula Drive and W. 15th Street. The buildings comprise a diverse mix of uses, including a restaurant with a drive-thru, and a boat/recreational vehicle sales and service facility. Building 1, a mixed-use commercial building (8,064 sq ft), features a showroom, shop, offices, and storage. Buildings 2 and 3 are warehouse spaces (5,400 sq ft and 2,040 sq ft respectively), suitable for various uses. Building 4 is an 864 sq ft restaurant currently operating under a month-to-month lease. The property benefits from 280 feet of frontage along Peninsula Drive, public utilities, and is conveniently located 1.3 miles from I-79 and 6.4 miles from I-90, near Presque Isle State Park and Waldameer Park & Water World. The site is primarily zoned MU-2 (Corridor Mixed-Use), with a 0.41-acre portion zoned I-1 (Light Industrial). Floor plans are available for all buildings. The asking price is $1,295,000. The property is also available as a land lease at $130,000 per acre, with the possibility of subdivision into 1-acre parcels.