8023 Crile RdPainesville, OH 44077

Property Details for 8023 Crile Rd

Year built

1971

Construction

WOOD

Lot size

9.48 AC

Property size (Sq ft)

60,053 SF

Zone code

M

Property type

Retail properties

Property subtype

Strip malls

APN

08-A-020-0-00-009-0

APU

08A0200000090

Description

This exceptional retail warehouse property, located at 8023 Crile Rd in Painesville, Ohio, offers a total of 12,205 square feet of space currently available for lease. The property is comprised of two suites, providing flexibility for various business needs. Individual suites range in size from a minimum of 1,620 square feet to a maximum contiguous space of 10,585 square feet, making it suitable for a variety of tenants. The entire 12,205 square feet is currently vacant, presenting a unique opportunity for a single large tenant or the potential for two separate occupants. Ample parking is provided with 69 spaces available for customers and employees. The property is conveniently located in Lake County, Ohio, with easy access to major transportation routes (specific details not provided). This versatile space is ideal for businesses requiring both retail storefront and warehouse storage capabilities. The property's zoning classification is not specified, but the existing use as a retail warehouse suggests suitability for similar businesses. The property is situated at 41.6531237 latitude and -81.2388896 longitude, in the 44077 zip code. This prime location offers excellent visibility and accessibility for customers. Contact us today to learn more about leasing opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $15,881,189

  6.5%

  $14,659,559

  7%

  $13,612,448

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,155,741

  Geo Method

  $14,155,741

• Alternative Use

  Use

  Valuation

  Residential

  $12,365,887

  Hospitality

  $11,327,086

  Educational

  $9,424,002

  Medical

  $9,748,108

  Retail

  $14,659,559

Location Insight

City

Concord Township

County

Lake

State

Ohio

Latitude

41.6531

Longitude

-81.2381

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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