1010 Peninsula Dr - Fast Food FOR SALE


Erie, PA 16505- West Suburban Erie | 
$995,000 USD
814-460-2000
1010 Peninsula Dr, Erie, PA for Sale
$995,000 USD
Fast Food - FOR SALE
1/14
null | Request Cap Rate

1010 Peninsula Dr
Erie, PA 16505
West Suburban Erie


HIGHLIGHTS

  • 3,152± SF second generation bar/restaurant for sale with drive thru
  • Ideally located in the heart of Erie’s tourism district near Presque Isle State Park
  • Indoor dining area with table seating for ±52, bar seating for ±12, outdoor seating for 36+ & 2 ADA restrooms
  • Commercial kitchen with ancillary hood & walk-in cooler - Floor plan available
  • Situated on a 0.56± acre double corner lot with public utilities & ±paved parking for ±52
  • Exceptional opportunity for redevelopment or ready for your concept

OVERVIEW

3,152± SF second generation bar/restaurant with drive-thru for sale. Ideally located in the heart of Erie’s tourism district along the gateway to Presque Isle State Park & its 11 miles of sandy beaches. Just 1 mile (4 minutes) from major traffic generators: Presque Isle State Park, Waldameer & Water World Amusement Park & Tom Ridge Environmental Center. Layout includes indoor dining area with table seating for ±52, bar seating ±12, 2 ADA restrooms, commercial kitchen with ancillary hood & walk-in cooler, drive-thru with 2 windows & a large concrete patio with outdoor seating for 36+. Floor plan available. Abundant off-street parking with paved parking lot for ±52. Originally built in 1964 & completely renovated in ±2005 with public utilities. Situated on a 0.56± acre double corner lot at W. 11th Street & Haas Avenue. Excellent signage & visibility with ±220’ frontage along Peninsula Drive & 6,200 Average Daily Traffic (PennDOT AADT 2025 count year). Zoned MU-2 – Corridor Mixed Use (Millcreek Township). Exceptional opportunity for redevelopment or ready for your concept. Offered at $995,000. Contact broker for additional information or to schedule a tour.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$314 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

2nd Generation Restaurant With Drive-Thru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,724 SF

ZONING

MU-2

APN/PARCEL ID

33-029-060.0-008.00

ASK ABOUT THIS PROPERTY

Sherry BauerSBRE - Sherry Bauer Real Estate ServicesMore Info
814-460-2000

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Sherry BauerSBRE - Sherry Bauer Real Estate ServicesMore Info
814-460-2000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.