Multi-Tenant Industrial Investment Opportunity
$1,150,000
546 Hoyt St, Painesville, OH 44077
26,720 sqft
Building Size
1.61 acres
Lot Area
Details:
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.
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.
Situated in Painesville's industrial corridor, offering easy access to SR-2, I-90, and major transportation routes.
Documents:
| Title | ||
|---|---|---|
| 546_Hoyt_Brochure_7-28-2026.pdf |
Location
Gallery
