1344 Jackson StPainesville, OH 44077

Property Details for 1344 Jackson St

Year built

1959

Lot size

0.26 AC

Property size (Sq ft)

2,560 SF

Zone code

I1

Property type

Office properties

Property subtype

Office buildings

APN

11-A-016-B-00-023-0

APU

11A016B000230

Description

This exceptional 2,560 square foot executive office building, located at 1344 W Jackson St in Painesville, Ohio, presents a unique investment opportunity. Priced at $299,000, this two-story freestanding facility offers excellent freeway accessibility, situated conveniently near I-90 and Route 2. The property sits on a 0.258-acre lot and boasts a desirable location within Lake County, Ohio, zip code 44077. Previously used as a daycare center, the building is ready for immediate occupancy or customization to suit a variety of professional needs. Its spacious layout provides ample room for offices, meeting areas, and support spaces. The building's prime location and convenient access to major transportation routes make it an ideal choice for businesses seeking a high-visibility presence in a thriving community. This is a rare opportunity to acquire a well-maintained, freestanding office building in a desirable location at an attractive price point. Serious inquiries are encouraged to explore this promising investment prospect. The property is classified as an Executive Office and is ready for its next chapter.

• CAP approach

  CAP return

  Valuation

  6%

  $460,544

  6.5%

  $425,117

  7%

  $394,752

• Comparable approach

  Method

  Valuation

  Relative Method

  $239,462

  Geo Method

  $239,462

• Alternative Use

  Use

  Valuation

  Residential

  $527,146

  Hospitality

  $482,862

  Educational

  $401,736

  Medical

  $415,552

  Retail

  $624,922

Location Insight

City

Painesville

County

Lake

State

Ohio

Latitude

41.707

Longitude

-81.2735

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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