1501 Peninsula Dr Erie, PA 16505
Millcreek NeighborhoodEstimated payment $8,511/month
About This Lot
2.2± acre commercial development site for sale. Site includes 3 corners including the signalized corner at Peninsula Drive & W. 15th Street. ±280’ frontage along Peninsula Drive - a high traffic corridor with 19,913 Average Annual Daily Traffic (2020). ±278’ Frontage on W. 15th Street. ±426’ Frontage on W. 16th Street. ±156’ Frontage on Hillborn Avenue. Zoned MU-2 & I-1. Many potential uses: retail, restaurant, hotel, etc. Will sub-divide to 1± acre. Also for lease at $130,000/AC/YR-NNN.
Listing Agent
SBRE - Sherry Bauer Real Estate Services Brokerage Phone: (814) 453-2000 License #RM422666
Property Details
Property Type
- Land
Est. Annual Taxes
- $15,559
Year Built
- 1964
Lot Details
- 2.2 Acre Lot
- Lot Dimensions are 280x426x280x278
- Zoning described as MU
Interior Spaces
- 14,348 Sq Ft Home
Listing and Financial Details
- Assessor Parcel Number 33-047-175.0-001.00
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $15,012 | $560,900 | $350,900 | $210,000 |
| 2023 | $14,171 | $560,900 | $350,900 | $210,000 |
| 2022 | $13,616 | $560,900 | $350,900 | $210,000 |
| 2021 | $13,469 | $560,900 | $350,900 | $210,000 |
| 2020 | $13,329 | $560,900 | $350,900 | $210,000 |
| 2019 | $13,108 | $560,900 | $350,900 | $210,000 |
| 2018 | $12,784 | $560,900 | $350,900 | $210,000 |
| 2017 | $12,756 | $560,900 | $350,900 | $210,000 |
| 2016 | $15,240 | $560,900 | $350,900 | $210,000 |
| 2015 | $15,100 | $560,900 | $350,900 | $210,000 |
| 2014 | $4,759 | $560,900 | $350,900 | $210,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/08/2023 05/08/23 | For Sale | $1,295,000 | 0.0% | $90 / Sq Ft |
| 03/30/2023 03/30/23 | Pending | -- | -- | -- |
| 03/16/2023 03/16/23 | Price Changed | $1,295,000 | -28.1% | $90 / Sq Ft |
| 10/19/2022 10/19/22 | For Sale | $1,800,000 | +1284.6% | $125 / Sq Ft |
| 08/19/2022 08/19/22 | For Sale | $130,000 | -- | $9 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Knox W John |
Source: Greater Erie Board of REALTORS®
MLS Number: 165998
APN: 33-047-175.0-001.00
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