1101 PENINSULA Drive Erie, PA ^$ 699,900

1101 PENINSULA Drive

^$ 699,900

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1101 PENINSULA Drive

Erie, PA, 16506

^$ 699,900

Studio Baths2.0 Sq 4,000

Monthly Estimate*

^$ 4,652

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Studio

Commercial Property for sale in Erie, PA

for $699,900 with 2 full baths. This 4,000 square foot building was built in 2001.

You could be the new owner of a Steak House or turn it into your very own creation! Seating for 130 indoors and 40 outside. Super visible from busy Peninsula Drive!

Commercial Active

Price

^$ 699,900

Bedrooms

Studio

Full Bath

Property Type

Commercial

Taxes

^$ 0

Style

Business

Year Built

2001

Town/City

Erie

County/Region

Erie

MLS | Web ID

170032

Features

General

Sewer PublicSewer

Heating ForcedAir Gas

Cooling CentralAir

Possession CloseOfEscrow

Year Built 2001

Tenant Pays Electricity Gas Sewer TrashCollection Water

Security Deposit 25000.0

Township Millcreek Township

Property SubType Business

Tax Year 2023

Business Name Bob's Steakhouse

County Erie

New Construction N

Property Type BusinessOpportunity

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Status Active

Directions W 12th and Peninsula in the Plaza behind CVS.

City Erie

View Y/N N

Senior Community Y/N N

High School District Millcreek

Zoning Description R-C

MLS Area 5 - Millcreek N of W26

Waterfront Y/N N

Carport Y/N N

Street Name PENINSULA

Property Attached Y/N N

Year Built Details Actual

Land Lease Y/N N

Tax Annual Amount 0.0

Home Warranty Y/N N

Property Condition Resale

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 262

Standard Status Active

Middle/Junior School District Millcreek

Elementary School District Millcreek

Tax Assessed Value 0

Exterior

Water Source Public

Spa N

Building Area Total 4000.0

Lot Dimensions 0x0x0x0

Lot Size Units Acres

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Street Suffix Drive

Electric On Property Y/N N

Total Baths 2

Internal Only

Street Number 1 1101

* Excluded Features

List By

Marsha Marsh Res West Ridge

Broker

levi.marsh@marshamarsh.com

Affordability Calculator

$4,652

Per Month

Monthly Principal & Interest: $4,652
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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THE TIME TO SELL IS NOW!

Nearby

Trends
Schools

Commerical listings in Erie, PA

Average List Price ^$531,982

Percent of Sale Price 24%

About Erie, PA

98,207 Population

-5% Since 2002

^$35,437 Median Income

35.3 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2358936 Elementary School

2358943 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/4/2024	$699,900	-6.68%	Price Down
12/28/2023	$750,000	-6.25%	Price Down
7/11/2023	$800,000		Listed Price

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1101 PENINSULA Drive, Erie, PA, 16506 is a Commercial Property for sale at $699,900 with 4,000 sqft. 1101 PENINSULA Drive is a studio with 2.0 baths and was built in 2001. The property's zip code is 16506 which is in Erie, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Erie Board of Realtors.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Erie Board of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 6/2/2024.

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1101 PENINSULA Drive

Commercial Property for sale in Erie, PA

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