Multi-Tenant Industrial Investment Opportunity — Sale in Painesville, OH

  • Price: $1.2M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Painesville, OH 44077
  • Size: 26,720 SF

Investment Figures

Price per square foot
$43

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

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. Building SF: 26720 | Land Size: 1.61 Ac | Listing Type: FOR SALE

Market Context

This industrial in Painesville, OH is listed for sale at $1,150,000 across 26,720 SF. It has been on the market for 9 days. Compare it against other industrial listings for sale in Painesville, OH — view the full market.

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