546 Hoyt Street
Painesville, OH 44077
$1,150,000
14 Total Photos [Click to View All]
Listing Details
- $1,150,000
- MLS# 5230089
- Type Commercial - Industrial
- Status Active
Home Value Estimate
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...read more
Features
- Gas
- $15,392 / year Taxes
- Built in 1973
Gallery
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Listed By
Agency Name: Keller Williams Greater Cleveland Northeast
Agency Contact: rick.osbornejr@kw.com, 440-299-5190
Shown By
Agency Title: Old Colony, REALTORS®
Agency Contact: Contact
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The photos may be altered, edited, enhanced or virtually staged.
Privacy Policy / DMCA Notice / ADA Accessibility
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