1321 Peninsula Drive

1321 Peninsula Drive, Erie, PA 16505

Property Information

  • For Lease $75,000.00/YR
  • Property Type VacantLand
  • Lot Size 0.52 Acre
  • Date Updated Oct 14, 2026

Description

Eastern side of Peninsula Drive just south of W. 12th Street, near Presque Isle State Park.0.517± Acre (22,520± SF) development site available for lease. Just 1 mile from Presque Isle State Park with 4 million annual visitors & Waldameer & Water World with over 450,000 annual visitors. Join Aldi, Applebee’s, Country Fair, CVS, Five Guys, Giant Eagle, KFC, McDonald’s, Pizza Hut, Popeyes, Sheetz, Subway, SureStay Hotel, Taco Bell, Tim Hortons, UPMC Hillman Cancer Center & more. 80’ Frontage along Peninsula Drive with 14,000 average daily traffic (PennDOT AADT 2025 count year). Previously developed, grade level lot with curb cut. Public water & sewer, gas & electric on-site. Survey & phase I environmental report available. 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 for lease at $75,000/year – NNN ($145,067/acre/year or $3.33/SF/year). 2026-2027 Property taxes: $5,178 ($10,015.47/acre/year or $0.44/SF/year). Contact broker for additional information.

Highlights

  • ±80’ Frontage along Peninsula Drive with 14,00 average daily traffic (PennDOT AADT 2025 count year)
  • 0.517± Acre (22,520± SF) development site for lease
  • 2026-2027 Property taxes: $5,178 ($10,015.47/acre/year or $0.44/SF/year)
  • Conditional uses include gas stations / vehicle fuel stations & drive-through facilities
  • Join Aldi, Applebee’s, Country Fair, CVS, Five Guys, Giant Eagle, KFC, McDonald’s, Pizza Hut, Popeyes, Sheetz, Subway, SureStay Hotel, Taco Bell, Tim Hortons, UPMC Hillman Cancer Center & more
  • Just 1 mile from the entrance to Presque Isle State Park with 4 million annual visitors and Waldameer & Water World Amusement Park with 450,000+ annual visitors
  • Offered for lease at $75,000/year NNN ($145,067/acre/year or $3.33/SF/year)
  • Previously developed, grade level lot with curb cut
  • Public water & sewer, gas & electric on-site
  • Survey & phase I environmental report available
  • 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

1 Space Available

1321 Peninsula Drive

Space Type

VacantLand

Lease Rate

$75,000.00/YR

Total Space

22,520 SF

Divisible Space

0.52 - 0.52 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

0.517± Acre (22,520± SF) development site available for lease. 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, Giant Eagle, KFC, McDonald’s, Pizza Hut, Popeyes, Sheetz, Subway, SureStay Hotel, Taco Bell, Tim Hortons, UPMC Hillman Cancer Center & more. 80’ Frontage along Peninsula Drive with 14,000 average daily traffic (PennDOT AADT 2025 count year). Previously developed, grade level lot with curb cut. Public water & sewer, gas & electric on-site. Survey & phase I environmental report available. Zoned 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 for lease at $75,000/year – NNN. 2026-2027 Property taxes $5,178.

Contacts

Location

  • 61/100 Somewhat Walkable
  • 52/100 Bikeable
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