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0 Baths
26,720 sqft

$1,150,000

546 Hoyt Street, Painesville OH, 44077

Price per sqft$43.04
Built in1973
Property size26,720 sqft
Property typeCommercial

Overview

Pending

Listed Jul 28, 2026

Updated 2 weeks ago

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.

Other Property Details

Taxes
$15,392
Tax Frequency
Annually

Courtesy of Keller Williams Greater Cleveland Northeast

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