$1,150,000
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
- Garage spaces
- N/A
- Lot size
- 1.61 acres
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 36
- Student:teacher ratio
- 7.2:1
- District
- Summit Academy Community School - Painesville
- Enrollment
- 621
- Student:teacher ratio
- 15.1:1
- District
- Painesville City Local
- Enrollment
- 813
- Student:teacher ratio
- 19.8:1
- District
- Painesville City Local
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 17 days ago.
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.