Multi-Tenant Industrial Investment Opportunity

For Sale

546 Hoyt St, Painesville, OH 44077

This Painesville property for sale is located at 546 Hoyt St. The general use of Multi-Tenant Industrial Investment Opportunity is industrial and it incorporates 26,720 square feet of class C industrial space. The current listed sale price for Multi-Tenant Industrial Investment Opportunity is $1,150,000. Multi-Tenant Industrial Investment Opportunity is situated on a lot that is 1.61 acre in size.

Contacts

Rick Osborne Jr.

KW Greater Cleveland Northeast

Property Details

  • Property Type Industrial - Flex - Industrial
  • Property Size 26,720 SF
  • Units 21
  • Lot Size 1.61 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1973
  • Date Updated Jul 31, 2026
  • HVAC None
Situated in Painesville's industrial corridor, offering easy access to SR-2, I-90, and major transportation routes.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.
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Highlights

  • 26,720 SF Multi-Tenant Industrial Asset: Comprising 21 flexible, highly functional units with a diversified user base.
  • Expansive 1.61-Acre Lot: Features over 23,400 SF of asphalt paving, offering excellent parking and outdoor staging capacity.
  • 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.
  • Strategic Lake County Location: Situated within Painesville's established industrial corridor with immediate access to SR-2 and I-90.

Attachments

Getting around

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  • 27/100

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Location

  • City Painesville, OH
  • Zip Code 44077
  • Market Cleveland Akron

Points of Interest

  • Lake Shore Live Steamers

    8.66 miles

  • True North

    0.58 miles

  • GetGo

    1.75 miles

  • Sam's Club

    2.90 miles

  • BP

    3.15 miles

  • Shell

    3.31 miles

  • Concord Corners Shell

    3.62 miles

  • Speedway

    4.20 miles

  • Murphy USA

    4.28 miles

  • WetGo Car Wash

    1.70 miles

  • Zappy's Auto Wash

    4.13 miles

  • Zappy's Auto Washes

    6.21 miles

  • All Occasion Limousine

    6.30 miles

  • Sheetz car wash

    8.68 miles

  • SpeedyWash

    8.70 miles

  • Zappy's Car Wash

    9.06 miles

  • Get Go Car Wash

    9.19 miles

  • Village Auto Wash

    9.35 miles

  • Enterprise

    9.38 miles

  • Five Star Subs Convenient

    0.32 miles

  • Senors Mexican Restaurant

    0.58 miles

  • Flavors Around the Square

    0.66 miles

  • Arby's

    0.72 miles

  • McDonald's

    0.77 miles

  • Chipotle

    0.81 miles

  • Green Lake

    0.83 miles

  • KFC

    0.92 miles

  • Dunkin'

    0.99 miles

  • Perkins

    1.02 miles

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