Investment Highlights
16,388? SF 4-Building Commercial Package on 2.2? Acres
Along a High Traffic Corridor Leading to Presque Isle State Park
Site Includes 3 Corners Including Signalized Intersection at Peninsula Drive & W. 15th Street
4 Buildings Include Restaurant with Drive-Thru & Boat/Recreational Vehicle Sales & Service Facility
19,913 Average Annual Daily Traffic along Peninsula Drive (AADT 2020)
Floor Plans Available for All 4 Buildings
Executive Summary
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.
