You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Commercial real estate

2420 Peninsula Dr Erie, PA 16506

1 ac lot
Property ID
US73-1175455
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 1 ac (43,560 SF)
UPID US73-1175455
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
  • Home Of The Whopper Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2420 Peninsula Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
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