For Sale
$149,000

367 State St Painesville, OH 44077

Historic Downtown Retail Space, Renovation Opportunity

Overview

Added:
Feb 3
Days on market:
74
This exceptional 6,778 square foot retail building presents a unique investment opportunity in the heart of Painesville, Ohio. Located at 367 N State Street, this historic two-story structure, built in 1900, boasts prominent frontage along N. State Street. The property sits on a 0.1-acre lot and offers a partial basement. Previously used as a bar/restaurant, the building is currently gutted to the 2x4 studs, providing a blank canvas for a complete renovation. All utilities are available on-site, though upgrades are required. A significant feature is the existing kitchen hood, which could be incorporated into a future restaurant or food-service concept. The wood-frame construction offers character and charm, while the substantial square footage allows for diverse redevelopment possibilities. This property is ideal for an investor seeking a high-impact project in a desirable downtown location. The building's history and prime location offer significant potential for a strong return on investment. The extensive renovation required presents an opportunity to create a truly unique and modern space tailored to the needs of a new business. The existing infrastructure, including utilities and the kitchen hood, provides a solid foundation for a variety of commercial uses. This is a rare chance to acquire a piece of Painesville's history and shape its future.

Property Details for 367 State St

Property type
Retail properties
Square Feet
6,778 SF
Year Built
1900
Lot Size (sq. ft)
4,356 SF

Location Insight

City
Painesville
County
Lake
State
Ohio
Latitude
41.73194
Longitude
-81.2456
367 State St, Painesville, Ohio

FAQs

What type of property is this?
Retail property - Historic Downtown Retail Space, Renovation Opportunity
Where is the retail property located?
The property is located at 367 State St Painesville, OH.
What is the asking price?
The asking price for this property is $149,000.
How can I contact the broker?
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367 State St
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