MLS#5230089
STATUSActive
PROPERTY TYPECommercial - Business
SCHOOLPainesville City Local
Property Description
Multi-tenant industrial value-add investment in Painesville's established corridor. Comprising 26,720 SF across 21 flexible units, the property offers a diversified tenant base with significant rental upside. The asset is 71% occupied, primarily by long-term, month-to-month tenants with below-market rents. This flexible structure offers an investor immediate opportunity to stabilize, lease vacancy, and drive the asset toward a ±10% pro-forma Cap Rate. Situated on 1.61 acres with a 23,400+ SF paved lot for ample parking. Ideal for portfolio investors or owner-users. Easy access to SR-2 & I-90.
Property Features
Property Type: Commercial - Business
Heating: Gas
Lot Size: 1.61 Acres
Taxes: $15,392 / year
Year Built: 1973
Feature Descriptions
Parcel#: 15-B-010-0-00-017-0
Units: 22
Local Schools
School District: Painesville City Local
Listed By / Shown By
Listed By
Agency Name: Keller Williams Greater Cleveland Northeast
Agency Contact: rick.osbornejr@kw.com, 440-299-5190
Shown By
Agent Name: Walt Cerrato
Agent Phone: (330) 844-8427
Agency Title: DeHOFF REALTORS
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546 Hoyt Street | MLS# 5230089
This commercial property located at 546 Hoyt Street , Painesville, OH 44077 is currently listed for sale with an asking price of $1,150,000. Hoyt Street is located within the Painesville City Local school district. Search Painesville real estate on wcerrato.dehoff.com today.