546 Hoyt Street, Painesville, OH 44077
- $1,150,000
- List Price
- $1,150,000
- Status
- ACTIVE
- MLS#
- 5230089
- Year Built
- 1973
- Region
- Painesville
- Township
- Painesville
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. *Roof has been redone, approximately 20 years ago.
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Additional Information
- Taxes
- $15,392
- Acres
- 1.61
- Roof
- Asphalt, See Remarks
- Heating
- Gas
- School District
- Painesville City LSD - 4305
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Listing Courtesy of: Rick Osborne, rick.osbornejr@kw.com With Keller Williams Greater Cleveland Northeast
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