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

    2920 12Th St Erie, PA 16505

    For Lease
    Contact for pricing

    4.6-acre commercial lot, prime location.

    Lot size:
    200,376 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    Peninsula Crossings presents a unique investment opportunity in Erie, Pennsylvania. This 4.6-acre commercial land parcel is strategically located at 2920 W 12th St, Erie, PA 16505, boasting exceptional visibility and accessibility. Situated along W 12th Street, a high-traffic thoroughfare with approximately 22,000 vehicles per day, the property benefits from a strong retail and quick-service restaurant (QSR) presence in the immediate vicinity. Its prime location on the main access road to the Peninsula of Lake Erie, combined with its connection to a busy north-south corridor linking 12th and 26th Streets, ensures high traffic volume and excellent exposure. The expansive 4.6-acre site offers significant potential for the development of multiple pad sites, catering to a variety of commercial uses. Further enhancing its appeal is the property's signalized access, providing convenient ingress and egress for customers. This exceptional location presents a rare opportunity for national tenants seeking a prominent position along one of Western Pennsylvania's most desirable commercial corridors within Erie County. The single-tenant property offers significant development potential for businesses seeking high visibility and convenient access to a large customer base.

    Property Features for 2920 12Th St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    200,376 SF

    Unit(s) available at that property

    Space
    Size
    200,376 SF

    HighLights

    • 4.6‑acre commercial land parcel in Erie, PA at 2920 W 12th St.
    • High‑traffic location (approx. 22,000 vehicles daily) with strong retail and QSR presence.
    • Prime location on main access road to Peninsula of Lake Erie, connecting 12th and 26th Streets.
    • Significant development potential for multiple pad sites.
    • Signalized access for convenient ingress/egress.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.146765
    Latitude
    42.100204

    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?
    Land - 4.6-acre commercial lot, prime location.
    Where is this land located?
    The property is located at 2920 12Th St Erie, PA.
    What are key features of this property?
    This property features: 4.6-acre commercial land parcel in Erie, PA at 2920 W 12th St.; High-traffic location (approx. 22,000 vehicles daily) with strong retail and QSR presence.; Prime location on main access road to Peninsula of Lake Erie, connecting 12th and 26th Streets.
    Request Owner's contact information
    2920 12Th St 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.
    2920 12Th St
    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
    2920 12Th St 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.