For Lease
$130,000/SF/YR

1501 Peninsula DrErie, PA 16505

High-traffic location, divisible pad site.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 2.02-acre commercial pad site in Erie, Pennsylvania, offers unparalleled development potential. Located at 1501 Peninsula Drive, this property boasts 280 feet of frontage along Peninsula Drive, a major north-south corridor with an average annual daily traffic count of 19,913 (2020 data). The site strategically sits at the intersection of Peninsula Drive and W. 15th & W. 16th Streets, extending along Hillborn Avenue, including the signalized corner of Peninsula Drive and W. 15th Street. The property's zoning is primarily MU-2 (Corridor Mixed-Use), with a 0.41-acre portion at W. 16th & Hillborn Avenue zoned I-1 (Light Industrial). This versatile zoning allows for a wide range of uses, including retail, hotel, office space, vehicle sales/service/repair, veterinary clinics, restaurants, car washes, and more. The site is conveniently located between W. 12th Street and W. 26th Street, providing easy access to major east-west thoroughfares. Its proximity to I-79 (1.3 miles) and I-90 (6.4 miles) ensures excellent regional connectivity. The location also benefits from its adjacency to Waldameer & Water World and Presque Isle State Park, Pennsylvania's most visited state park. The property is divisible down to approximately 1 acre, offering flexibility for various development scenarios. Property taxes are $0.16 per square foot. On-site power is available. The APN is 33-047-175.0-001.00, -004.00 & -005.00.

Highlights

  • 2.02-acre commercial pad site in Erie, PA with high development potential.
  • 280 feet of frontage on Peninsula Drive, a major north-south corridor with 19,913 AADT (2020).
  • Strategically located at the intersection of Peninsula Drive, W. 15th & W. 16th Streets, and Hillborn Avenue, including a signalized corner.
  • Primarily MU-2 (Corridor Mixed-Use) zoning, with a 0.41-acre I-1 (Light Industrial) portion.
  • Excellent access to I-79 (1.3 miles) and I-90 (6.4 miles).
  • Divisible down to approximately 1 acre.

Property Details for 1501 Peninsula Dr

Property type
Land
RSF (Rentable sq. ft)
95,832 SF

Unit(s) available at that property

Space
Size
95,832 SF
Rate per SF
$130,000

Location Insight

City
Erie
County
Erie
State
Pennsylvania
Latitude
42.097183373833
Longitude
-80.143995145742
1501 Peninsula Dr, Erie, Pennsylvania

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Contacts

Sherry Bauer
Visit Broker Website

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1501 Peninsula Dr, Erie, Pennsylvania, 16505

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1501 Peninsula Dr
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