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Commercial Real Estate for Sale at 546 Hoyt Street in Painesville, OH for $1,150,000

Listing data last changed 07/31/2026 - 5:13pm
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546 Hoyt Street | Painesville

$1,150,000 | 0.0 Sq. Ft.

Multi-tenant industrial value-add investment in Painesville\u2019s 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 \u00B110% pro-forma Cap Rate. Situated on 1.61 acres with a 23,400\u002B SF paved lot for ample parking. Ideal for portfolio investors or owner-users. Easy access to SR-2 \u0026 I-90. *Roof has been redone, approximately 20 years ago. MLSNow 5230089 Directions to property: Situated in Painesville\u0027s industrial corridor, offering easy access to SR-2, I-90, and major transportation routes.

MLS Listing ID: 
MLSNow 5230089
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,150,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Commercial
Primary Market Area: 
Painesville
Address: 
546 Hoyt Street, Painesville, OH 44077
County: 
Lake
Latitude: 
41.7158300
Longitude: 
-81.2378260
Directions: 
Situated in Painesville\u0027s industrial corridor, offering easy access to SR-2, I-90, and major transportation routes.
Public Remarks: 
Multi-tenant industrial value-add investment in Painesville\u2019s 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 \u00B110% pro-forma Cap Rate. Situated on 1.61 acres with a 23,400\u002B SF paved lot for ample parking. Ideal for portfolio investors or owner-users. Easy access to SR-2 \u0026 I-90. *Roof has been redone, approximately 20 years ago.
Community Information
School District: 
Painesville City LSD - 4305
Building Details
Details about the building on a property.
Year Built: 
1973
Living Area: 
0.0
Construction
Roof: 
Asphalt,See Remarks
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Gas
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
1.61
Lot Size (Area): 
1.61
Public Record
Parcel Number: 
15-B-010-0-00-017-0
Annual Tax: 
$15,392.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Keller Williams Greater Cleveland Northeast

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