Multi-Tenant Industrial Investment Opportunity

546 Hoyt Street, Painesville, OH 44077

Property Information

  • For Sale $1,150,000
  • Property Type Industrial - Flex - Industrial
  • Lot Size 1.61 Acre
  • Date Updated Aug 3, 2026
  • HVAC None

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.

Contacts

Location

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