Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1109 Peninsula Dr Erie, PA 16505

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    1,950 SF restaurant space for lease in Erie, PA.

    Property size:
    1,950 SF
    Lot size:
    2.64 Acres

    Property Features for 1109 Peninsula Dr

    General Information

    Size
    1,950 SF
    Lot size
    2.64 Acres

    Source: Sherry Bauer Real Estate Services (SBRE) Agent Sherry Bauer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant Space in Peninsula Plaza

    This 1,950± SF second-generation restaurant space is available for lease starting January 2026. It is located in Peninsula Plaza, joining a diverse tenant mix including CVS, Achieva - The Arc of Erie County, Bay & Berry Café, Erie Distillery, Erie Krav Maga Martial Arts Academy, Glow Luxe Aesthetics, Spotlight Dance Studio, UPMC Primary Care West, Relaxapy Salt Cave & Halotherapy, and Representative Bizzarro. The property is zoned MU-2, Corridor Mixed Use. Situated in a highly visible end-cap location at the signalized intersection of W. 12th Street (10,000 AADT) and Peninsula Drive (13,000 AADT), based on PennDOT 2023 count year, the location offers significant exposure. Signage is available in a high-traffic area. The property includes abundant free parking with 191 paved spaces. The lease is offered at $15.50/SF/YR on a NNN basis, with NNN estimated at $3.30±/SF/YR based on 2024, with the tenant paying approximately $3,055/month plus utilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Stephany Catering, Cali's West Catering & Express Take Out

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.14532
    Latitude
    42.100847

    Nearby Similar for Lease

    • $17 SF/Yr
      1,457 SF

      Furnished Office Suite in Erie

      Furnished office suite with conference room, kitchenette, and free parking.
      4701 Old Zuck Rd, Erie, PA 16506
      View Details
    • $6 SF/Yr
      4,250 SF

      Erie Warehouse/Distribution Space Available

      Warehouse/distribution space with truck dock and overhead door in Erie, PA.
      2814 Buffalo Rd, Erie, PA 16510
      View Details
    • $12 SF/Yr
      5,836 SF

      Downtown Erie Office Suite

      Updated office suite in downtown Erie with parking garage.
      818 State St, Erie, PA 16501
      View Details
    • $15 SF/Yr
      865 SF

      Erie Retail/Office Space For Lease

      Commercial space for lease in modern living community, Erie, PA.
      2890 Copperleaf Pl, Erie, PA 16509
      View Details
    • $15 SF/Yr
      865 SF

      Erie Commercial Space For Lease

      Commercial space for lease in modern living community development.
      2890 Copperleaf Pl, Erie, PA 16509
      View Details
    • $1,500 /Mo
      11,568 SF

      Erie Office Space For Rent

      Private office space near downtown Erie with modern amenities.
      435 W 10Th St, Erie, PA 16502
      View Details

    FAQs

    What type of property is this?
    Restaurant - 1,950 SF restaurant space for lease in Erie, PA.
    Where is this restaurant located?
    The property is located at 1109 Peninsula Dr Erie, PA.
    What are key features of this property?
    This property features: - Highly visible end-cap location at a signalized intersection with high traffic volume.; - 1,950± SF 2nd Generation Restaurant Space.; - Join a diverse tenant mix including CVS, Achieva, UPMC, and other established businesses at Peninsula Plaza.
    (814) 460-2000
    Request Owner's contact information
    1109 Peninsula Dr Erie, PA 16505
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1109 Peninsula Dr
    Erie, PA 16505
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1109 Peninsula Dr Erie, PA 16505
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.