546 Hoyt St - Warehouse FOR SALE
Painesville, OH 44077 |
$1,150,000 USD
216-219-0290
546 Hoyt St
Painesville, OH 44077
HIGHLIGHTS
- 26,720 SF Multi-Tenant Industrial Asset: Comprising 21 flexible, highly functional units with a diversified user base.
- Immediate Value-Add / Rental Upside: Currently 71% occupied, primarily by long-term, month-to-month tenants at below-market rates.
- Pro-Forma Income Potential: Clear strategic path toward a ±10% Cap Rate through vacancy lease-up and rent stabilization.
- Expansive 1.61-Acre Lot: Features over 23,400 SF of asphalt paving, offering excellent parking and outdoor staging capacity.
- Strategic Lake County Location: Situated within Painesville's established industrial corridor with immediate access to SR-2 and I-90.
FOR SALE DETAILS
PRICE
$1,150,000 USD
PRICE/SF
$43 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Multi-Tenant Ind. Investment Opportunity
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1973
UTILITIES
Lighting - Fluorescent, Gas - Natural, Water - City, Sewer - City, Heating - Gas
CLEAR CEILING HT
-
DOCKS
-
DRIVE INS
20
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.61
LAND SF
70,132
ZONING
-
APN/PARCEL ID
15-B-010-0-00-017
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216-219-0290
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216-219-0290
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