Turn-Key Motorsport Dealership with Real Property

1501 Peninsula Drive, Erie, PA

$1,475,000

Price

16,388 sqft

Building Size

2.203 acres

Lot Area

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Overview
Building Size
16,388 sqft
Lot Area
2.203 acres
Description

Turn-key motorsports dealership with 16,388± SF 4-building commercial package on 2.2± acres for sale. Own Aleks Powersports – a well-established, profitable business with 50+ years of experience in sales, parts, repair & maintenance of motorsports new & pre-owned products including boats, PWC, dirt bikes, street bikes, scooters, outboard motors, accessories, parts & more. Package includes real property, 6 marine franchises, 7 powersport franchises, dealer specific computer system, PA sales tax license, PA motor vehicles dealer license, PA state motorcycle inspection license, PA banking license, business name, website, customer lists & goodwill. Over $4 million in gross sales (2022) and net operating income over $1 million (2022).

Package includes 16,388± SF 4-building commercial package on 2.2± acres of prime real estate. Three buildings totaling 15,524± SF are utilized by the boat/recreational vehicle sales & service facility. The additional 864± SF building included is a tenant-occupied, drive-thru restaurant with a month-to-month lease. 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. The building is located in the MU-2 (Corridor Mixed-Use) zoning district offering 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).

The three buildings utilized for powersport dealership facility 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). Floor plans and 3D tours are available for all four buildings. Contact broker for additional information.

Peninsula Drive from W. 15th & W. 16th Street & partially back to Hilborn Avenue. Currently Aleks Powersports & New York Lunch.

Public

Highlights
  • Turn-Key Motorsports Dealership with Real Property
  • Own Aleks Powersports!
  • Well-Established, Profitable Business with 50+ Years Experience
  • Over $4 Million Gross Sales & Over $1 Million NOI (2002)
  • Sale Includes 6 Marine Franchises, 7 Powersport Franchises, Dealer Specific Computer System, PA Sales Tax License, PA Motor Vehicles Dealer License, PA State Motorcycle Inspection License, PA Banking License, Business Name, Website, Customer Lists & Goodwill
  • Real Property Includes 4 Commercial Buildings Totaling 16,388± SF on 2.2± Acres
  • 15,524± SF, 3 Building Boat/Recreational Vehicle Sales & Service Facility
  • Additional 864± SF Restaurant with Drive-Thru
  • On 2.2± Acres Along a High Traffic Corridor
  • 19,913 Average Annual Daily Traffic along Peninsula Drive (AADT 2020)
  • ±280’ Frontage Along Peninsula Drive with 2 Corners – 1 At Signalized Intersection
  • Public Utilities, Gas & Electric On-Site
  • Primarily Zoned MU-2 (Corridor Mixed-Use)
  • 0.41± Acres at Hillborn & W. 16th Street Zoned I-1 (Light Industrial)
  • 1.3 Miles to I-79 & 6.4 Miles to I-90
  • Near Entrance to Presque Isle State Park and Waldameer Park & Water World
  • Floor Plans & 3D Tours Available for All Buildings
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