INNOVATE Real Estate
Commercial at 546 Hoyt Street, Painesville
Commercial at 546 Hoyt Street, Painesville, photo 2 of 12
Commercial at 546 Hoyt Street, Painesville, photo 3 of 12
Commercial at 546 Hoyt Street, Painesville, photo 4 of 12
Commercial at 546 Hoyt Street, Painesville, photo 5 of 12
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Commercial at 546 Hoyt Street, Painesville, photo 7 of 12
Spacious interior featuring a concrete floor, overhead fluorescent lighting, and a roll-up garage door mechanism - 546 Hoyt Street, Painesville
Image quality insufficient for description - 546 Hoyt Street, Painesville
Spacious interior featuring concrete flooring, exposed ceiling ducts, and fluorescent lighting - 546 Hoyt Street, Painesville
Image quality insufficient for description - 546 Hoyt Street, Painesville
Utility meters mounted on a white painted block wall - 546 Hoyt Street, Painesville
12 photos

$1,150,000

546 Hoyt Street
Painesville, OH 44077
Listed by Rick Osborne · Keller Williams Greater Cleveland Northeast
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1973

About this home

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. *Roof has been redone, approximately 20 years ago.

Property details

MLS #
5230089
Property type
Commercial
Subdivision
N/A
Status
Active
Days on market
10
On market date
July 24, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
1.61 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

ElementaryCharter
Summit Academy Community School - Painesville
1.07 mi away · Grades 2-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
36
Student:teacher ratio
7.2:1
District
Summit Academy Community School - Painesville
Middle
Heritage Middle School
0.48 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
621
Student:teacher ratio
15.1:1
District
Painesville City Local
High
Harvey High School
0.47 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
813
Student:teacher ratio
19.8:1
District
Painesville City Local

Walkability

Blended score for Painesville's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

77
Walkable
out of 100
EPA National Walkability Index
14.3 / 20 -- Above average walkable
Google Places amenity density
85 / 100
Restaurants & cafes20
Grocery stores3
Parks12
Schools6
Transit stops20
Pharmacies0

Mortgage calculator

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Est. monthly payment
$7,075/mo
$230,000 down
$920,000 loan
Principal & interest$5,967
Property tax (est.)$958
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated August 3, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.