Signalized Corner Commercial
New
For Lease
$97,500
2920 Peninsula Drive, Erie, PA 16506
MU-2 zoning allows retail, dining, auto-oriented businesses, and other commercial uses.
Space Size202,623 SF
Days on Market1
Property Features for 2920 Peninsula Drive
General Information
Standard status
Active
Size
202,623 SF
Property subtype
VacantLand
Spaces For Lease
at 2920 Peninsula Drive
2920-2940 W. 12th Street
Immediate
Size
202,623 SF
Type
VacantLand
Lease Type
NNN
Sublease
No
Renewal Option
Yes
Listing Agency:
SBRE - Sherry Bauer Real Estate
Listed By:
Sherry Bauer · License #RM422666
(814) 453-2000
Source:
Commercialcafe
Added: Oct 7
Last Checked: Oct 7 at 2:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SBRE - Sherry Bauer Real Estate
Investment Insights
Based on property information with market context.
This 4.65±-acre (202,623± SF) cleared, grade-level development site comprises two parcels in Millcreek Township. The previously developed property has curb cuts on three sides and public water, sewer, gas, and electric on-site. MU-2 Corridor Mixed Use zoning permits retail, bars and restaurants, car washes, convenience stores, auto sales and service, and commercial recreation; gas stations and drive-through facilities are conditional uses.
At the northwest corner of Peninsula Drive and W. 12th Street, the property extends to W. 11th Street/Marshall Street. Frontage totals approximately 299 feet on W. 12th Street/Route 5 and 446 feet on Peninsula Drive. PennDOT’s 2025 count lists average daily traffic of 13,000 on Route 5 and 6,200 on Peninsula Drive. Presque Isle State Park is 1 mile away, and Waldameer & Water World is also nearby. Area businesses include Aldi, CVS, Sheetz, McDonald’s, and several restaurant operators.
At the northwest corner of Peninsula Drive and W. 12th Street, the property extends to W. 11th Street/Marshall Street. Frontage totals approximately 299 feet on W. 12th Street/Route 5 and 446 feet on Peninsula Drive. PennDOT’s 2025 count lists average daily traffic of 13,000 on Route 5 and 6,200 on Peninsula Drive. Presque Isle State Park is 1 mile away, and Waldameer & Water World is also nearby. Area businesses include Aldi, CVS, Sheetz, McDonald’s, and several restaurant operators.
Key Highlights
- 4.65±-acre (202,623± SF) development site
- Approximately 299 feet of frontage on W. 12th Street/Route 5 and 446 feet on Peninsula Drive
- PennDOT 2025 average daily traffic: 13,000 on Route 5 and 6,200 on Peninsula Drive
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
857
Businesses Nearby
Explore this area
Business Placement
Demographics for 16506, PA
23,918
Population
10,309
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
96%
High-School Grad
13.6 sq mi
ZIP Area
1,759
Density / Sq Mi
$84,021
Median Household Income
$47,823
Median Earnings
$1,176
Median Rent
$224,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - MU-2 zoning allows retail, dining, auto-oriented businesses, and other commercial uses.
Where is this commercial land located?
The property is located at 2920 Peninsula Drive Erie, PA.
What is the lease rate?
The lease rate is $97,500.
What are key features of this property?
This property features: 4.65±-acre (202,623± SF) development site; Approximately 299 feet of frontage on W. 12th Street/Route 5 and 446 feet on Peninsula Drive; PennDOT 2025 average daily traffic: 13,000 on Route 5 and 6,200 on Peninsula Drive
