2920 W 12TH Street
Erie, PA, 16505 $ 97,500
Baths0.0 Monthly Estimate*
$ 616
Studio for $97,500. The lot size is 4.6516.
4.65± Acre (202,623± SF) development site for lease. Corner lot at a signalized intersection along 2 high traffic corridors. 1 Mile to Presque Isle State Park and Waldameer & Water World. Near Aldi, Applebee’s, Country Fair, CVS, Five Guys, KFC, McDonald’s, Pizza Hut, Popeyes, Sheetz, Taco Bell, Tim Hortons & more. ±299’ Frontage on W. 12th St / Rte 5 with 13,000 average daily traffic (PennDOT AADT 2025 count year). ±446’ Frontage on Peninsula Dr with 6,200 average daily traffic. Previously developed, cleared & grade level lot with curb cuts on 3 sides: W. 12th St, Peninsula Dr & W. 11th St. Public water & sewer, gas & electric on-site. See survey. Two parcels zoned MU-2. Permitted uses: retail, bars/restaurants, car washes, auto sales/service/repair, commercial recreation & more. Conditional uses: gas stations / vehicle fuel stations & drive-through facilities. Offered at $97,500/Acre/Year ($2.24/SF/YR) – NNN. Taxes estimated at $10,724/acre/year based on 2026-2027 (total $49,885).
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FeaturesGeneralSewer Public Sewer
Possession Close Of Escrow
Security Deposit 40000
Township Millcreek Township
Tax Year 2026
County Erie
Status Active
Directions Northwest corner of Peninsula Drive & W. 12th Street. Site spans from W. 12th Street to W. 11th Street/Marshall Street.
City Erie
Zoning Description MU
MLS Area 5 - Millcreek N of W26
Lot Size Units Acres
Land Lease Y/N true
Tax Annual Amount 49884
Standard Status Active
Tax Assessed Value 1708100
Possible Use Commercial
High School District Millcreek
Middle/Junior School District Millcreek
Elementary School District Millcreek
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ExteriorWater Source Public
Lot Size Area 4.6516
Building Area Total 0
Lot Dimensions 299x466x430x370
Lot Size Acres 4.6516
Lot Features Corner Lot
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* Excluded FeaturesList BySbre - Sherry Bauer Real Estate ServicesBroker
sbauer@sherrybauerrealestate.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $616
- Monthly Property Taxes
- $4,157
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyAbout Erie, PA 98,207 Population
-5% Since 2002
$ 35,437 Median Income
35.3 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
2358936 Elementary School
2358943 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/18/2026 | $97,500 | | Listed Price |