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For Sale

3,152± SF Restaurant With Drive-Thru

1010 Peninsula Drive,
Erie, PA 16505

Asset Snapshot

Anchor Store
Retail Subtype
1964
Year Built
2005
Year Renovated
1
Floor Count
1
Building Count
52
Parking Spots
0.57 Acres
Land Area

Offering Summary

Investment Overview

3,152± SF second generation bar/restaurant with drive-thru for sale. Ideally located in the heart of Erie’s tourism district along the gateway to Presque Isle State Park & its 11 miles of sandy beaches. Just 1 mile (4 minutes) from major traffic generators: Presque Isle State Park, Waldameer & Water World Amusement Park & Tom Ridge Environmental Center. Layout includes indoor dining area with table seating for ±52, bar seating ±12, 2 ADA restrooms, commercial kitchen with ancillary hood & walk-in cooler, drive-thru with 2 windows & a large concrete patio with outdoor seating for 36+. Floor plan available. Abundant off-street parking with paved parking lot for ±52. Originally built in 1964 & completely renovated in ±2005 with public utilities. Situated on a 0.56± acre double corner lot at W. 11th Street & Haas Avenue. Excellent signage & visibility with ±220’ frontage along Peninsula Drive & 6,200 Average Daily Traffic (PennDOT AADT 2025 count year). Zoned MU-2 – Corridor Mixed Use (Millcreek Township). Exceptional opportunity for redevelopment or ready for your concept. Offered at $995,000. Contact broker for additional information or to schedule a tour.


Investment Highlights

  • 3,152± SF second generation bar/restaurant for sale with drive-thru
  • Ideally located in the heart of Erie’s tourism district
  • Along the gateway to Presque Isle State Park with 11 miles of sandy beaches
  • 1 Mile (4 minutes) from Presque Isle State Park and Waldameer & Water World Amusement Park
  • Indoor dining area with table seating for ±52
  • Large concrete patio for outdoor seating for 36+
  • Bar seating for ±12
  • 2 ADA restrooms
  • Commercial kitchen with ancillary hood & walk-in cooler
  • Drive-thru with 2 windows
  • Floor plan available
  • ±52 Parking spaces in paved lot
  • Originally built in 1964 & completely renovated ±2005
  • Situated on a 0.56± acre double corner lot with public utilities
  • Excellent signage & visibility with ±220’ frontage along Peninsula Drive & 6,200 average daily traffic (PennDOT AADT 2025 count year)
  • Zoned MU-2 – Corridor Mixed Use (Millcreek Township)
  • Exceptional opportunity for redevelopment or ready for your concept

How it Works

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Listing Syndicated From

Buildout
Accepting Offers
$995,000
Asking Price

Investment Sales Broker

Sherry Bauer
SBRE - Sherry Bauer Real Estate

Market Insights