1501 PENINSULA Drive Erie, PA ^$ 130,000

1501 PENINSULA Drive

^$ 130,000

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1501 PENINSULA Drive

Erie, PA, 16505

^$ 130,000

Studio Baths0.0 Sq 14,348

Monthly Estimate*

^$ 864

1501 PENINSULA Drive, Erie, PA 16505 - Image 1

1501 PENINSULA Drive, Erie, PA 16505 - Image 2

1501 PENINSULA Drive, Erie, PA 16505 - Image 3

1501 PENINSULA Drive, Erie, PA 16505 - Image 4

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1501 PENINSULA Drive, Erie, PA 16505 - Image 7

Studio

Lots and Land for sale in Erie, PA

for $130,000. This 14,348 square foot property was built on a lot size of 2.2032.

Up to 2.2± acre pad site for lease. Site includes 3 corners including the signalized corner at Peninsula Drive & W. 15th Street. ±280’ frontage along Peninsula Drive - a high traffic corridor with 19,913 Average Annual Daily Traffic (2020). ±278’ Frontage on W. 15th Street. ±426’ Frontage on W. 16th Street. ±156’ Frontage on Hillborn Avenue. Zoned MU-2 & I-1. Many potential uses: retail, restaurant, hotel, etc. Will sub-divide to 1± acre. Offered for lease at $130,000/Acre/Year–NNN or for sale as 2.2± acres at $1,295,000.

Lots and Land Active

Price

^$ 130,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 15,559

Style

Commercial

Lot Size

2.2032

Town/City

Erie

County/Region

Erie

MLS | Web ID

165071

Features

General

Sewer PublicSewer

Possession CloseOfEscrow SubjectToTenantRights

Security Deposit 23868.0

Township Millcreek Township

Property SubType Commercial

Tax Year 2022

County Erie

New Construction N

Property Type Land

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Status Active

Directions Peninsula Drive from W. 15th & W. 16th Street & partially back to Hillborn Avenue. Currently Alek's Motorsports & New York Lunch.

City Erie

View Y/N N

Senior Community Y/N N

High School District Millcreek

Zoning Description MU

MLS Area 5 - Millcreek N of W26

Lot Size Units Acres

Waterfront Y/N N

Carport Y/N N

Street Name PENINSULA

Property Attached Y/N N

Land Lease Y/N N

Tax Annual Amount 15559.0

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 619

Standard Status Active

Middle/Junior School District Millcreek

Elementary School District Millcreek

Tax Assessed Value 625700

Property Sub Type Additional Commercial

Exterior

Lot Features CornerLot

Water Source Public

Lot Size Area 2.2032

Spa N

Building Area Total 14348.0

Lot Dimensions 280x426x280x278

Lot Size Acres 2.2032

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Drive

Electric On Property Y/N N

Internal Only

Street Number 1 1501

* Excluded Features

List By

Sbre - Sherry Bauer Real Estate Services

Broker

sbauer@sherrybauerrealestate.com

Affordability Calculator

$2,161

Per Month

Monthly Principal & Interest: $864
Monthly Property Taxes: $1,297
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Erie, PA

Average List Price ^$211,034

Percent of Sale Price 62%

About Erie, PA

98,207 Population

-5% Since 2002

^$35,437 Median Income

35.3 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2358936 Elementary School

2358943 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/19/2022	$130,000		Listed Price

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1501 PENINSULA Drive, Erie, PA, 16505 is a Lots and Land for sale at $130,000 with 14,348 sqft and a lot size of 2.2032. 1501 PENINSULA Drive is a studio with 0.0 baths. The property's zip code is 16505 which is in Erie, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Erie Board of Realtors.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Erie Board of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 6/10/2024.

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1501 PENINSULA Drive

Lots and Land for sale in Erie, PA

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