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1501 Peninsula Dr
Erie, PA 16505

$130,000.00 USD/AC/YR

Land For Lease  •  44,431+ SF

Property Details

  • Property Type Land
  • Zoning MU-2 & I-1
0 Transit Score
57 Walk Score

1 Space Available

Name Space Use Size Rent Details
Unkwn Floor Ste - 1.02-2.2 AC $130,000.00 USD/AC/YR
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.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: None
  • Space Type: Relet

Description

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.

Highlights

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

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Erie Amtrak Station (Lake Shore Limited - Amtrak) 8 min - 3.9 mi
AirportDriveWalkDistance
Erie International/Tom Ridge Field 4 min - 2.3 mi
Sherry Bauer 814-460-2000 SBRE - Sherry Bauer Real Estate Services
Sherry Bauer 814-460-2000 SBRE - Sherry Bauer Real Estate Services