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    OFF-MARKET
    Office buildings

    2221 Peninsula Dr, Erie, PA 16506-2954

    12,101 SF 1.28 ac lot Built 1970
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US73-2041455
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Beverly A. Keep, MA Counselor
    • Kimberly Garnon LPC Counselor
    • Down Syndrome Group Of Erie County Association / Organization
    • Light Vision Advertising Agency Marketing & Advertising
    • Erie Popular Dumpster Rental General Contractor Waste Management Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Northstar Erie LLC · 5 yrs held
    Northstar Erie LLC
    since 2020
    Last sale
    $100,000
    4 recorded transactions
    2020
    $100,000
    2020
    $2.0M
    1969
    1969
    Zoning & alternative use
    AR · Erie, PA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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