247 Hillside DrPainesville, OH 44077

This exceptional mixed-use property in Painesville, Ohio, presents a compelling investment opportunity. Located at 247 Hillside Dr, this 3,400 square foot building, constructed in 1992 and renovated in 2021, sits on a 0.117-acre lot and boasts 10 parking spaces. Currently operating at 100% occupancy with three units, the property generates a Net Operating Income (NOI) of $2,000 annually. The property is zoned C and features a single-story building. Unit details include a physical therapy practice (1,000/month, lease expiring August 7, 2026, including gym, office, private bath, kitchenette, and ADA ramp), a space currently occupied by the owner (500/month), and an office/efficiency unit (potential rent of 800/month). The current owner is interested in a leaseback arrangement, providing immediate and consistent rental income. This sale/leaseback opportunity offers a unique chance to acquire a well-maintained, income-producing asset in a desirable location. The property's strong tenant base and versatile space make it an ideal investment for both seasoned and new investors. The property is owner-occupied at 50%. The APN is 15B001C000050.