#178468, Listing office: Sander Land & Home Realty
Property details
About 1501 Peninsula Dr
Up to 2.2± acre pad site for lease. 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. Offered for lease at $130,000/Acre/Year–NNN or for sale as 2.2± acres at $1,295,000.
Highlights
Home typeBusiness
StatusActive
Size14,348 sqft
Lot size2.2032 Acres
MLS #165071
Summary
- Attached Garage: No
- List Price: $130,000
- Price/SqFt: $9
- Annual Tax Amount: $14,507
- Tax Year: 2024
- Lot: Corner Lot
- Directions: Peninsula Drive from W. 15th & W. 16th Street & partially back to Hillborn Avenue. Currently Aleks Motorsports & New York Lunch.
- Living Area: 14,348 SqFt
- Lot Size: 2.2032 Acres
- MLS Number: 165071
- MLS Name: EriePA
- Office Name: SBRE - Sherry Bauer Real Estate Services
- Office Phone: (814) 453-2000
Copyright © 2025 Greater Erie Board of REALTORS®, Inc. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/23/2025, 5:45:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $560,900 | $14,507 |
| 2023 | $560,900 | $13,947 |
| 2022 | $560,900 | $5,336 |
| 2021 | $560,900 | $13,469 |
| 2020 | $560,900 | $13,329 |
| 2019 | $560,900 | $13,107 |
| 2018 | $560,900 | $12,784 |
| 2017 | $560,900 | $12,756 |
History based on county public records data.
Nearby schools
4
Montessori Regional Charter School
Public Charter KG-6
0.7 mi
•2549 W 8th St
6
Tracy Elementary School
Public District KG-5
0.8 mi
•2624 W 6th St
3
Harding Elementary School
Public District PK-5
1.6 mi
•820 Lincoln Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,825. Typical income of Erie, PA residents is between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
41%
<35k
43%
35k-100k
13%
100k-200k
3%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
59%
Single, No Kids
7%
Single, with Kids
24%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
6%
12-17 yrs old
15%
18-34 yrs old
44%
35-64 yrs old
26%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Figure Skating
Hiking/backpacking
Where do the neighbors shop?
Chico's
Stein Mart
Nordstrom Rack
Where do the neighbors go to eat?
Cracker Barrel
Bob Evans
Bonefish Grill
What do the neighbors drive?
Buick
Oldsmobile
Lincoln
What do the neighbors listen to?
Soft Adult Contemporary
News
Classical
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Erie, PA
Erie's transportation infrastructure supports both private and public transit options. The city's public bus service operates on a set schedule, offering residents and visitors reliable transportation across various routes. While ride-sharing services are available, the city also promotes walkability, particularly in the downtown area and along the Bayfront. The network of roads and highways, including Interstate 90 and State Route 20, facilitates commuting and travel to and from the city. Efforts to improve transport efficiency and accessibility are part of the city's planning initiatives.
The community is served by a robust educational system, including a variety of public and private schools that cater to different educational needs. Erie's healthcare network features several hospitals and clinics, providing residents with access to comprehensive medical services. The city also boasts a number of public libraries and a vibrant retail and dining landscape that mirrors the local culture. Initiatives to enhance services, particularly in response to demographic shifts, are ongoing to meet the evolving needs of the community.
Erie is known for its welcoming community and vibrant cultural scene. The city prides itself on its waterfront attractions along Lake Erie and its numerous parks and recreational areas that offer residents a blend of urban and natural amenities. Annual events, such as the Erie Summer Festival of the Arts and the Roar on the Shore motorcycle rally, underscore the city's dynamic character and its residents' enthusiasm for community gatherings.
Erie, Pennsylvania, offers a diverse housing market with a range of options to suit various preferences and budgets. The housing landscape is characterized by a mix of architectural styles, with a notable presence of Victorian, Colonial, and contemporary homes. Single-family homes are prevalent, complemented by a selection of apartments and townhouses. The area has seen development across different periods, with a significant number of properties dating back to the early to mid-20th century, reflecting the city's rich history.
About 1501 Peninsula Dr
The listing price of 1501 Peninsula Dr property is $130,000.
The property 1501 Peninsula Dr is land located in Erie, Pennsylvania, 16505.
Active Listing: 1501 Peninsula Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1501 Peninsula Dr are: Montessori Regional Charter School (GreatSchools Rating 4/10), Tracy Elementary School (GreatSchools Rating 6/10), Harding Elementary School (GreatSchools Rating 3/10), Strong Vincent Middle School (GreatSchools Rating 5/10), Westlake Middle School (GreatSchools Rating 7/10), Erie Rise Leadership Academy Charter School (GreatSchools Rating 4/10), McDowell High School (GreatSchools Rating 7/10), Erie High School (GreatSchools Rating 2/10), Perseus House Charter School of Excellence (GreatSchools Rating 2/10).
According to the records, the last property tax for 2024 is $14,507 (source: MLS/based on county public records data).
The property 1501 Peninsula Dr is 2.203 acres.
The property 1501 Peninsula Dr is 14,348 SqFt (source: MLS/tax record).
This home is located at 1501 Peninsula Dr in Erie, PA and zip code 16505. This 14,348 square foot home sits on a 2.20 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since January 7, 2025 and is currently priced at $130,000.
In June 2025, from all listings sold in Erie, PA there were more than 72 sold above asking price, over 56 sold below and more than 25 were sold right at the asked price. Between May and June 2025, Erie, PA real estate market has seen no change in the number of listings . In June 2025 median list price was $177,250 and the average listing age was 26 days.
From Rocket Homes Real Estate and based on county public records data.