Property summary
This exceptional 3,050 square foot office space is available for lease in a highly desirable Erie, PA location at 1600 Peninsula Drive. Situated in a single-story, 36,200 square foot building constructed in 1974, this Class C property offers a well-designed layout including a reception area, three private offices, two workspaces, a conference room, break room, IT room, and two restrooms. The space features modern LED lighting and fresh paint throughout. A floor plan and 3D tour are available upon request. The landlord is offering tenant incentives, including a flooring allowance. The property boasts ample parking with over 200 spaces in an adjacent lot, ensuring convenient access for employees and clients. Its strategic location at the signalized intersection of W. 15th Street and Peninsula Drive provides excellent visibility and easy access to major thoroughfares, including proximity to I-79 (1.2 miles) and I-90 (6.5 miles). Public transportation is also readily available via a nearby bus route. The property is zoned I-2 and sits on 3.282 acres of land (APN: 33-047-173.0-002.00). The building comprises ten suites in total, with a minimum divisible space of 3,050 square feet and a maximum contiguous space of 3,050 square feet. The asking rent is $12.00 per square foot per year, plus CAM and utilities. Based on 2023 estimates, CAM is approximately $2.50 per square foot per year, resulting in an estimated monthly cost of $3,685 (rent + CAM) plus utilities. This property is ideally suited for a variety of businesses and is surrounded by established businesses, including healthcare providers, professional services, and political organizations.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Pediatrician Physician
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Pediatrician Physician
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Insurance Agency
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Social Service Agency Charitable Organization
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
LI · Erie, PAZoning
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Zoning designation
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