What is the asking price for 1010 Peninsula Drive?

The lease rate for space here is $995,000.

What type of property tenancy can you find at 1010 Peninsula Drive?

This property is listed as Single Tenant.

What is the total size of 1010 Peninsula Drive?

The property has a total square footage of 3,152 SF.

When was this property built?

1010 Peninsula Drive was built in 1964.

How many parking spaces are available at 1010 Peninsula Drive?

The property features 52 parking spaces, resulting in a parking ratio of 16.50 / 1,000 SF.

1010 Peninsula Drive, Erie, PA 16505

For Sale $995,000
Property Type Retail - Restaurant
Property Size 3,152 SF
Units 1
Lot Size 0.57 Acre
Parking Spaces Avail. 52
Parking Ratio 16.50 / 1,000 SF
Property Tenancy Single Tenant
Year Built 1964
Year Renovated 2005
Date Updated Oct 1, 2026

Description

West side of Peninsula Drive at W. 11th Street & Haas Avenue3,152± SF second generation bar/restaurant with drive-thru for sale. Ideally located in the heart of Erie’s tourism district along the gateway to Presque Isle State Park & its 11 miles of sandy beaches. Just 1 mile (4 minutes) from major traffic generators: Presque Isle State Park, Waldameer & Water World Amusement Park & Tom Ridge Environmental Center. Layout includes indoor dining area with table seating for ±52, bar seating ±12, 2 ADA restrooms, commercial kitchen with ancillary hood & walk-in cooler, drive-thru with 2 windows & a large concrete patio with outdoor seating for 36+. Floor plan available. Abundant off-street parking with paved parking lot for ±52. Originally built in 1964 & completely renovated in ±2005 with public utilities. Situated on a 0.56± acre double corner lot at W. 11th Street & Haas Avenue. Excellent signage & visibility with ±220’ frontage along Peninsula Drive & 6,200 Average Daily Traffic (PennDOT AADT 2025 count year). Zoned MU-2 – Corridor Mixed Use (Millcreek Township). Exceptional opportunity for redevelopment or ready for your concept. Offered at $995,000. Contact broker for additional information or to schedule a tour.

Highlights

±52 Parking spaces in paved lot
1 Mile (4 minutes) from Presque Isle State Park and Waldameer & Water World Amusement Park
2 ADA restrooms
3,152± SF second generation bar/restaurant for sale with drive-thru
Along the gateway to Presque Isle State Park with 11 miles of sandy beaches
Bar seating for ±12
Commercial kitchen with ancillary hood & walk-in cooler
Drive-thru with 2 windows
Excellent signage & visibility with ±220’ frontage along Peninsula Drive & 6,200 average daily traffic (PennDOT AADT 2025 count year)
Exceptional opportunity for redevelopment or ready for your concept
Floor plan available
Ideally located in the heart of Erie’s tourism district
Indoor dining area with table seating for ±52
Large concrete patio for outdoor seating for 36+
Originally built in 1964 & completely renovated ±2005
Situated on a 0.56± acre double corner lot with public utilities
Zoned MU-2 Corridor Mixed Use (Millcreek Township)