Painesville, Ohio Commercial Real Estate 4 Listings
Painesville, Ohio: A Premier Destination for Commercial Real Estate
Introduction
Located in northeastern Ohio, Painesville is a burgeoning hub for commercial real estate (CRE) investors and professionals. As the county seat of Lake County, Painesville boasts a strategic position with a robust local economy driven by manufacturing, healthcare, and education sectors. With its unique blend of industry presence and strategic location, Painesville offers diverse opportunities for commercial real estate development and investment.
Economic and Industry Overview
Painesville's economy is anchored by its thriving manufacturing sector, complemented by significant contributions from healthcare, education, and retail industries. These sectors drive demand for a variety of commercial property types, including:
- Industrial: Manufacturing facilities and logistics centers are in high demand due to the city's industrial base.
- Office: Professional services and healthcare support the need for office spaces.
- Retail: A growing population sustains retail developments.
Painesville is supported by regional economic initiatives spearheaded by the Lake County Economic Development Center, which promotes growth and investment in the area.
Strategic Location and Transportation Infrastructure
Painesville's strategic location is bolstered by robust transportation infrastructure:
- Highways: The city is accessible via Interstate 90 and State Route 2, facilitating easy regional connectivity.
- Airports: Cleveland Hopkins International Airport is approximately 45 minutes away, enhancing global connectivity.
- Rail: Norfolk Southern provides freight rail services, crucial for industrial operations.
These transportation assets position Painesville as an ideal location for distribution and logistics operations, providing access to a large labor pool and proximity to major markets.
Commercial Real Estate Inventory & Zoning
Painesville features several prominent CRE submarkets:
- Central Business District (CBD): A hub for office and retail properties.
- Industrial Corridors: Areas dedicated to manufacturing and warehouse facilities.
- Innovation Districts: Emerging areas focused on tech and research.
The city's zoning regulations and incentives are designed to attract developers, with detailed zoning maps available on the City of Painesville Zoning Page.
Major Employers and Institutions
Key employers in Painesville include:
- Lubrizol Corporation: A major player in specialty chemicals.
- Lake Health: A leading healthcare provider in the region.
- Avery Dennison: Known for its adhesive technologies.
Educational institutions like Lake Erie College further drive CRE demand by attracting students and faculty. Additional information can be found on the Lake County Business Directory.
Notable Commercial Developments & Projects
Painesville is witnessing several large-scale developments:
- Mixed-use developments: Combining residential, commercial, and retail spaces.
- Innovation Parks: Designed to attract tech companies and startups.
These projects often benefit from public-private partnerships and Opportunity Zones. More details are available from the Painesville Planning Department.
Building Permits, Planning, and Development Tools
For developers and investors, the following resources are essential:
- Painesville Building and Safety Department
- Permitting Portal
- Parcel Map Viewer / GIS
- Planning Commission
- Development Code
Market Data & Economic Reports
Public data sets and economic reports are available for a comprehensive understanding of the market:
Brevitas leverages AI-powered aggregation of such data, offering detailed insights through Brevitas-powered dashboards.
Why Use Brevitas for Painesville, Ohio CRE?
Brevitas offers an advanced platform for CRE professionals in Painesville, providing:
- AI-driven CRE Discovery: Find properties that match specific criteria with ease.
- Real-time Market Alerts: Stay informed about new opportunities.
- Smart Property Pages: Detailed property listings with comprehensive data.
- Dealroom Collaboration: Collaborate seamlessly with stakeholders.
Unique features include:
- Auto-generated Listing Pages
- Email and Landing Page Tools
- Integration with Brokers and Developers
- Exclusive Listings and Premium Exposure
Explore the Painesville market with Brevitas for unparalleled insights and opportunities in commercial real estate.
Fixer-Upper Tavern/Restaurant with Large Apartment in Painesville, Ohio
Premier 21+ Acre Development Opportunity
SITE A – 12.28 Acres of Prime Development Land
SITE B – 9.46 Acres of Prime Development Land
