1501 Peninsula Drive Listing Details & Market Data

Peninsula Drive from W. 15th & W. 16th Street & partially back to Hilborn Avenue. Currently Aleks Powersports & New York Lunch.Turn-key motorsports dealership with 16,388± SF 4-building commercial package on 2.2± acres for sale. Own Aleks Powersports – a well-established, profitable business with 50+ years of experience in sales, parts, repair & maintenance of motorsports new & pre-owned products including boats, PWC, dirt bikes, street bikes, scooters, outboard motors, accessories, parts & more. Package includes real property, 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 (2022) and net operating income over $1 million (2022). Package includes 16,388± SF 4-building commercial package on 2.2± acres of prime real estate. Three buildings totaling 15,524± SF are utilized by the boat/recreational vehicle sales & service facility. The additional 864± SF building included is a tenant-occupied, drive-thru restaurant with a month-to-month lease. Situated on 2.2± acres with 280’ frontage on Peninsula Drive - a high traffic corridor with 19,913 Average Annual Daily Traffic (2020). Site includes 3 corners including the signalized corner at Peninsula Drive & W. 15th Street. Conveniently located along one of Erie’s major north-south corridors just 1.3 miles to I-79 & 6.4 miles to I-90 near the entrance to Waldameer & Water World and Presque Isle State Park – Pennsylvania’s most visited state park. Building 1: 8,064± SF mixed-use commercial building located at the signalized intersection of Peninsula Drive & W. 16th Street. Owner-occupied & utilized as a boat/recreational vehicle sales & repair shop with 5,000± SF showroom, 1,525± SF shop, 3 private offices, restroom & 400± SF storage area. Built in 1964 with gas forced air heat & central air conditioning. Main access from W. 16th Street. Building 2: 5,400± SF clear span, unheated warehouse with 12’7” ceilings & 13’7”W x 12’6”H sliding door, concrete floors, floor drain & 110 Amp service. Built in 1985. Owner-occupied & utilized as a showroom/warehouse. Main access from W. 16th Street. Building 3: 2,040± SF clear span, heated warehouse with 13’9” ceilings & 14’6”W x 13’9”H two-panel sliding door, concrete floors, floor drain & 220 Amp service. Built in 1988. Main access from Hilborn Avenue. Owner-occupied & utilized as a boat/recreational vehicle repair shop. Building 4: 864± SF restaurant with drive-thru, indoor seating for ±9, outdoor seating, full commercial kitchen with ancillary hood & two restrooms. Accessible from W. 15th Street & Peninsula Drive. Built in 1984. Utilized as New York Lunch restaurant with a month-to-month lease. The building is located in the MU-2 (Corridor Mixed-Use) zoning district offering many potential uses: retail, hotel, office, vehicle sales/service/repair, veterinary clinic, eating or drinking establishment, car wash, and more (see flyer for full list of permitted uses). The three buildings utilized for powersport dealership facility are enclosed in a gated yard with gates along W. 15th Street & Hilborn Avenue. The 2.2± acre site is primarily zoned MU-2 (Corridor Mixed-Use) with 0.41± acres at the corner of W. 16th & Hilborn Avenue zoned I-1 (Light Industrial). Floor plans and 3D tours are available for all four buildings. Contact broker for additional information.