2420 Peninsula Dr Erie, PA 16506
This exceptional 1-acre commercial land parcel presents a unique investment opportunity in Erie County's thriving Erie submarket. Located at 2420 Peninsula Drive, this property boasts significant frontage on Peninsula Drive and comprises four contiguous lots, identified by APN numbers 33-052-2140-007.00, 008.00, 008.01, and 009.00. The property is zoned C-2, offering considerable flexibility for development. Currently, existing structures are slated for demolition by the owner, paving the way for a fresh start and customized development. This is a land lease opportunity, and build-to-suit proposals will be considered, making it ideal for developers seeking to create a property tailored to their specific needs. The value lies primarily in the land itself, offering a blank canvas for a variety of commercial ventures. Please note that property taxes are estimated. Further details are available upon request. This is a rare chance to acquire a strategically located, sizable commercial lot in a desirable Erie County location.
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Home Of The Whopper Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.