Property profile

2221 Peninsula Dr Erie, PA 16506

OFF-MARKET
Office buildings
Property ID
US73-2041455
12,101 SF 1.28 ac lot Built 1970
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This Erie, PA office property offers a variety of single and multi-room suites for lease within a 12,101 square foot building situated on a 1.28-acre lot. Located at 2221 Peninsula Dr, Erie, PA 16506 (APN 33-051-210.0-001.08, zoned I-1 Light Industrial), this conveniently located space is near major thoroughfares, including I-79 (1 mile) and I-90 (6 miles), and a bus route. The building features shared amenities such as a waiting area, break room, restrooms, and ample free off-street parking. It is ADA accessible and offers shared conference rooms equipped with video conferencing technology (seating for 8 and 30 people). Signage opportunities and fiber optic internet are also available. Currently available is a two-room suite with a large open area and private office, leasing for $1,095 per month. Additional office and warehouse space is also available, starting at $270 per month. The property offers flexibility in space size and lease terms, with clean, attractive offices and warehouses in well-maintained facilities and competitive rates. On-site maintenance is provided. The building is located near the cross street EBCO Drive. This thriving business park boasts a diverse tenant roster.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1970
Total area 12,101 SF
Lot 1.28 ac (55,931 SF)
Zoning code AR
APN 33-051-210.0-001.08
UPID US73-2041455

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Counselor
  • Counselor
  • Association / Organization
  • Advertising Agency Marketing & Advertising
  • General Contractor Waste Management Facility

Location

2221 Peninsula Dr Erie, PA 16506-2954
Erie metro Census 10700 ERIE, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$95k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$95k

Owner & transaction history

since 2020
Last sale
$100,000
4 recorded transactions
2020
$100,000
2020
$2.0M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

AR · Erie, PA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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