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2.2± Acre Development Site 1501 Peninsula Dr

1.02 - 2.2 Acres of Commercial Land for Lease in Erie, PA 16505

Highlights

  • Up to 2.2± Acre Pad Site For Lease
  • Site Includes 3 Corners Includes Signalized Intersection at Peninsula Drive & W. 15th Street
  • Public Utilities, Gas & Electric On-site
  • Will Sub-Divide to ±1 Acre
  • ±280’ Frontage Along Peninsula Drive with 19,913 Average Annual Daily Traffic
  • Zoned MU-2 (Corridor Mixed-Use) & I-1 (Light Industrial)

Lot Available

Display Rental Rate as

Rental Rate
  • $2.98 /SF/YR
  • $0.25 /SF/MO
  • $286,000 /YR
  • $23,833 /MO
Lease Term Negotiable
Lot Size 1.02 - 2.20 AC

W. 15th Street Lot: 1.02± Acre Pad Site --- Site includes the signalized corner at Peninsula Drive & W. 16th Street. 160’ frontage along Peninsula Drive - a high traffic corridor with 19,913 Average Annual Daily Traffic (2020). 278’ Frontage along W. 15th Street. Zoned MU-2 (Corridor Mixed-Use) with many potential uses: retail, eating or drinking establishment, hotel, office, vehicles sales/service/repair, veterinary clinic, car wash, and more (see flyer for full list of permitted uses).  Up to 2.2± Acres Available. Offered at $130,000/Acre/Year – NNN.

W. 16th Street Lot: 1.17± Acre Pad Site --- 120’ frontage along Peninsula Drive - a high traffic corridor with 19,913 Average Annual Daily Traffic (2020). 426’ Frontage along W. 15th Street. Site includes two corners at Peninsula Drive & Hillborn Avenue along W. 15th Street. Primarily zoned MU-2, (Corridor Mixed-Use) with 0.41± acres at the corner of W. 16th & Hillborn Avenue zoned I-1 (Light Industrial).  Many potential uses: retail, eating or drinking establishment, hotel, office, vehicles sales/service/repair, veterinary clinic, car wash, and more (see flyer for full list of permitted uses).  Up to 2.2± acres available. Offered at $130,000/Acre/Year – NNN.

Entire 2.2± acre site also offered for sale at $1,295,000. Contact broker for additional information.

Property Overview

Up to 2.20± acre pad site for lease. Site includes 3 corners at Peninsula Drive and W. 15th & W. 16th Streets as well as along Hillborn Avenue - including the signalized corner at Peninsula Drive & W. 15th Street. Site includes 280’ frontage along Peninsula Drive - a high traffic corridor with 19,913 Average Annual Daily Traffic (2020). Primarily zoned MU-2 (Corridor Mixed-Use) with 0.41± acres at the corner of W. 16th & Hillborn Avenue zoned I-1 (Light Industrial). Many potential uses: retail, hotel, office, vehicles sales/service/repair, veterinary clinic, eating or drinking establishment, car wash, and more (see flyer for full list of permitted uses). Will sub-divide to 1± acre. Conveniently located along one of Erie’s major north-south corridors between two major east-west corridors: W. 12th Street & W. 26th Street. Just 1.3 miles to I-79 & 6.4 miles to I-90. Just south of the entrance to Waldameer & Water World and Presque Isle State Park – Pennsylvania’s most visited state park. Also offered for sale at $1,295,000 for 2.2± acres. Contact broker for additional information.

PROPERTY FACTS

Min. Divisible 1.02 AC
Property Type Land
Property Subtype Commercial
Proposed Use
Industrial
  • Office
  • Auto Dealership
  • Auto Repair
  • Carwash
  • Convenience Store
  • Fast Food
  • Hotel
  • Restaurant
  • Veterinarian or Kennel
  • Listing ID: 26447262

  • Date on Market: 6/10/2023

  • Last Updated:

  • Address: 1501 Peninsula Dr, Erie, PA 16505

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