1321 PENINSULA Drive
Erie, PA, 16505 $ 75,000
Bedrooms-- Baths0.0 Monthly Estimate*
$ 518
for $75,000. The lot size is 0.517.
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 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.
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FeaturesGeneralPossession Close Of Escrow
Security Deposit 6682
Township Millcreek Township
Tax Year 2026
County Erie
Status Active
Directions Eastern side of Peninsula Drive just south of W. 12th 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 5050
Standard Status Active
Tax Assessed Value 177300
Utilities Sewer Available Water Available
High School District Millcreek
Middle/Junior School District Millcreek
Elementary School District Millcreek
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ExteriorLot Size Area 0.517
Building Area Total 0
Lot Dimensions 80x282x80x281
Lot Size Acres 0.517
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* Excluded FeaturesList BySbre - Sherry Bauer Real Estate ServicesBroker
sbauer@sherrybauerrealestate.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $518
- Monthly Property Taxes
- $421
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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 NearbySingle family listings in Erie, PA
Average List Price $262,542
Percent of Sale Price 250%
About 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 |
|---|
| 10/14/2026 | $75,000 | | Listed Price |