4.65± Acre Development Site For Lease
$97,500/sqft/yr
2920 Peninsula Drive, Erie, PA 16506
4.652 acres
Lot Area
Details:
Description:
4.65± Acre (202,623± SF) development site now available for lease. Corner lot at a signalized intersection along two high traffic corridors. Just 1 mile from Presque Isle State Park with 4 million annual visitors & Waldameer & Water World with over 450,000 annual visitors. Near Aldi, Applebee’s, Country Fair, CVS, Five Guys, KFC, McDonald’s, Pizza Hut, Popeyes, Sheetz, Subway, SureStay Hotel, Taco Bell, Tim Hortons & more. ±299’ Frontage along W. 12th Street / Route 5 with 13,000 average daily traffic (PennDOT AADT 2025 count year). ±446’ Frontage along Peninsula Drive with 6,200 average daily traffic. Previously developed, cleared & grade level lot with curb cuts on 3 sides: W. 12th Street, Peninsula Drive & W. 11th Street/Marshall Street. Public water & sewer, gas & electric on-site; see survey. Assemblage of 2 parcels zoned Corridor Mixed Use (MU-2) in Millcreek Township. Zoning permitted uses include retail, bars/restaurants, car washes, convenience stores, auto sales/service/repair, commercial recreation & more. Conditional uses include gas stations / vehicle fuel stations & drive-through facilities. Offered at $97,500/Acre/Year ($2.24/SF/YR) – NNN. Taxes estimated at $10,724/acre/year based on 2026-2027 (total $49,885). Contact broker for additional information or to schedule a tour.
Northwest corner of Peninsula Drive & W. 12th Street. Site spans from W. 12th Street to W. 11th Street/Marshall Street.
1 Space Available
2920-2940 W. 12th Street Unknown Sub Type
4.65± Acre (202,623± SF) development site now available for lease. Corner lot at a signalized intersection along two high traffic corridors. Just 1 mile from Presque Isle State Park with 4 million annual visitors & Waldameer & Water World with over 450,000 annual visitors. Near Aldi, Applebee’s, Country Fair, CVS, Five Guys, KFC, McDonald’s, Pizza Hut, Popeyes, Sheetz, Subway, SureStay Hotel, Taco Bell, Tim Hortons & more. ±299’ Frontage along W. 12th Street / Route 5 with 13,000 average daily traffic (PennDOT AADT 2025 count year). ±446’ Frontage along Peninsula Drive with 6,200 average daily traffic. Previously developed, cleared & grade level lot with curb cuts on 3 sides: W. 12th Street, Peninsula Drive & W. 11th Street/Marshall Street. Public water & sewer, gas & electric on-site; see survey. Assemblage of 2 parcels zoned Corridor Mixed Use (MU-2) in Millcreek Township. Zoning permitted uses include retail, bars/restaurants, car washes, convenience stores, auto sales/service/repair, commercial recreation & more. Conditional uses include gas stations / vehicle fuel stations & drive-through facilities. Offered at $97,500/Acre/Year ($2.24/SF/YR) – NNN. Taxes estimated at $10,724/acre/year based on 2026-2027 (total $49,885). Contact broker for additional information or to schedule a tour.
Documents:
| Title | ||
|---|---|---|
| FLYER--4.65 Acre Development Site (W 12th St & Peninsula Dr) | ||
| SURVEY--ALTA Survey 3-6-18 _ 17-27806_ALTA.pdf |
Location
Gallery
