1501 Peninsula Dr, Erie, PA 16505
16,388 SF | Retail Building | Erie, PA 16505 | $1,295,000 ($79/SF)
For Sale
Active
Asking Price $1,295,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 16,388 SF
- Price / Square Foot
- $79
Listing Contacts
- Property Info
Property Overview
16,388± SF 4-building commercial package for sale including a restaurant with drive-thru and a boat/recreational vehicle sales & service facility. Situated on 2.2± acres with 280’ frontage on Peninsula Drive - a high traffic corridor with 19,913 Average Annual Daily Traffic (2020). Site includes 3 corners including the signalized corner at Peninsula Drive & W. 15th Street. Conveniently located along one of Erie’s major north-south corridors just 1.3 miles to I-79 & 6.4 miles to I-90 near the entrance to Waldameer & Water World and Presque Isle State Park – Pennsylvania’s most visited state park.
Building 1: 8,064± SF mixed-use commercial building located at the signalized intersection of Peninsula Drive & W. 16th Street. Owner-occupied & utilized as a boat/recreational vehicle sales & repair shop with 5,000± SF showroom, 1,525± SF shop, 3 private offices, restroom & 400± SF storage area. Built in 1964 with gas forced air heat & central air conditioning. Main access from W. 16th Street.
Building 2: 5,400± SF clear span, unheated warehouse with 12’7” ceilings & 13’7”W x 12’6”H sliding door, concrete floors, floor drain & 110 Amp service. Built in 1985. Owner-occupied & utilized as a showroom/warehouse. Main access from W. 16th Street.
Building 3: 2,040± SF clear span, heated warehouse with 13’9” ceilings & 14’6”W x 13’9”H two-panel sliding door, concrete floors, floor drain & 220 Amp service. Built in 1988. Main access from Hilborn Avenue. Owner-occupied & utilized as a boat/recreational vehicle repair shop.
Building 4: 864± SF restaurant with drive-thru, indoor seating for ±9, outdoor seating, full commercial kitchen with ancillary hood & two restrooms. Accessible from W. 15th Street & Peninsula Drive. Built in 1984. Utilized as New York Lunch restaurant with a month-to-month lease.
Buildings 1 through 3 are enclosed in a gated yard with gates along W. 15th Street & Hilborn Avenue. The 2.2± acre site is primarily zoned MU-2 (Corridor Mixed-Use) with 0.41± acres at the corner of W. 16th & Hilborn Avenue zoned I-1 (Light Industrial). Many potential uses: retail, hotel, office, vehicle sales/service/repair, veterinary clinic, eating or drinking establishment, car wash, and more (see flyer for full list of permitted uses). Available for sale or as a land lease. Contact broker for additional information.
Building 1: 8,064± SF mixed-use commercial building located at the signalized intersection of Peninsula Drive & W. 16th Street. Owner-occupied & utilized as a boat/recreational vehicle sales & repair shop with 5,000± SF showroom, 1,525± SF shop, 3 private offices, restroom & 400± SF storage area. Built in 1964 with gas forced air heat & central air conditioning. Main access from W. 16th Street.
Building 2: 5,400± SF clear span, unheated warehouse with 12’7” ceilings & 13’7”W x 12’6”H sliding door, concrete floors, floor drain & 110 Amp service. Built in 1985. Owner-occupied & utilized as a showroom/warehouse. Main access from W. 16th Street.
Building 3: 2,040± SF clear span, heated warehouse with 13’9” ceilings & 14’6”W x 13’9”H two-panel sliding door, concrete floors, floor drain & 220 Amp service. Built in 1988. Main access from Hilborn Avenue. Owner-occupied & utilized as a boat/recreational vehicle repair shop.
Building 4: 864± SF restaurant with drive-thru, indoor seating for ±9, outdoor seating, full commercial kitchen with ancillary hood & two restrooms. Accessible from W. 15th Street & Peninsula Drive. Built in 1984. Utilized as New York Lunch restaurant with a month-to-month lease.
Buildings 1 through 3 are enclosed in a gated yard with gates along W. 15th Street & Hilborn Avenue. The 2.2± acre site is primarily zoned MU-2 (Corridor Mixed-Use) with 0.41± acres at the corner of W. 16th & Hilborn Avenue zoned I-1 (Light Industrial). Many potential uses: retail, hotel, office, vehicle sales/service/repair, veterinary clinic, eating or drinking establishment, car wash, and more (see flyer for full list of permitted uses). Available for sale or as a land lease. Contact broker for additional information.
Property Details
- Class
- C
- Year Built
- 1964
- Stories
- 1
- Property Subtype
- Freestanding, Vehicle Related, Manufacturing
- Lot Size (sq. ft)
- 95,832 SF
Highlights
- 16,388± SF 4-Building Commercial Package on 2.2± Acres
- 4 Buildings Include Restaurant with Drive-Thru & Boat/Recreational Vehicle Sales & Service Facility
- Along a High Traffic Corridor Leading to Presque Isle State Park
- 19,913 Average Annual Daily Traffic along Peninsula Drive (AADT 2020)
- Site Includes 3 Corners Including Signalized Intersection at Peninsula Drive & W. 15th Street
- Floor Plans Available for All 4 Buildings
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