1501 PENINSULA Drive Erie, PA $ 1,475,000
1501 PENINSULA Drive
$ 1,475,000
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1501 PENINSULA Drive

Erie, PA, 16505
$ 1,475,000
Baths0.0 Sq 16,388

Monthly Estimate*

$ 9,803

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View a Virtual Tour
Studio

Commercial Property for sale in Erie, PA

for $1,475,000. This 16,388 square foot building was built on a lot size of 2.2032.

Turn-key motorsports dealership with real property for sale. Own Aleks Powersports – a well-established, profitable business with 50+ years of experience in sales, parts, repair & maintenance of motorsports and new & pre-owned products: boats, PWC, dirt bikes, street bikes, scooters, outboard motors & accessories. Package includes real property: 16,388± SF 4-building commercial package on 2.2± acres, 6 marine franchises, 7 powersport franchises, dealer specific computer system, PA sales tax license, PA motor vehicles dealer license, PA state motorcycle inspection license, PA banking license, business name, website, customer lists & goodwill. Over $4 million in gross sales & NOI over $1 million (2022). 3 buildings totaling 15,524± SF utilized by motorsport sales & service facility. 4th building (864± SF) is a tenant-occupied, drive-thru restaurant with a month-to-month lease. 3D tours & floor plans available for all buildings. Confidentiality Agreement required for full details.

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Commercial Active

Price

$ 1,475,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 16,183

Style

Retail

Lot Size

2.2032

Town/City

Erie

County/Region

Erie

MLS | Web ID

173244

Features
General
Sewer PublicSewer
Heating Gas MultiFuel
Cooling SeeRemarks
Possession Over90Days SubjectToTenantRights
Zoning I-1
Security Deposit 50000.0
Township Millcreek Township
Property SubType Retail
Tax Year 2023
Business Name Aleks Powersports
County Erie
New Construction N
Property Type BusinessOpportunity
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
Directions Peninsula Drive from W. 15th & W. 16th Street & partially back to Hilborn Avenue. Currently Aleks Powersports & New York Lunch.
City Erie
View Y/N N
Senior Community Y/N N
High School District Millcreek
Zoning Description MU
MLS Area 5 - Millcreek N of W26
Waterfront Y/N N
Carport Y/N N
Street Name PENINSULA
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 16183.0
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
Virtual Tour https://my.matterport.com/show/?m=toy1nnjonZj&mls=1
Days on Market 137
Standard Status Active
Middle/Junior School District Millcreek
Elementary School District Millcreek
Tax Assessed Value 625700
Property Sub Type Additional Retail
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Exterior
Water Source Public
Lot Size Area 2.2032
Spa N
Building Area Total 16388.0
Lot Dimensions 280x426x280x278
Lot Size Acres 2.2032
Lot Size Units Acres
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Drive
Electric On Property Y/N N
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Internal Only
Street Number 1 1501
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* Excluded Features
List By
Sbre - Sherry Bauer Real Estate Services

Broker

sbauer@sherrybauerrealestate.com

Email

Affordability Calculator

$11,152
Per Month
88%
12%
0%
Monthly Principal & Interest
$9,803
Monthly Property Taxes
$1,349
Monthly Home Insurance
--
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
THE TIME TO SELL IS NOW!
Nearby
2358936 Elementary School
2358943 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/14/2023$1,475,000 Listed Price

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1501 PENINSULA Drive, Erie, PA, 16505 is a Commercial Property for sale at $1,475,000 with 16,388 sqft and a lot size of 2.2032. 1501 PENINSULA Drive is a studio with 0.0 baths. The property's zip code is 16505 which is in Erie, PA