546 Hoyt Street, Painesville, OH 44077
sale
$1,150,000
|
Other
Courtesy Of Keller Williams Realty Greater Cleveland Northeast
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.
Read More About This Property
Read Less About This Property
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: Over 50 Years Old
- Building Units: 22
- Heating System: Natural Gas
- MLSID: 5230089
- Roof Type: Asphalt
Data powered by Attom Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.