444 Newell StPainesville, OH 44077

Property Details for 444 Newell St

Year built

1987

Lot size

0.40 AC

Property size (Sq ft)

8,588 SF

Zone code

M-2

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

15-C-031-0-00-004-0

APU

15C0310000040

Description

This freestanding industrial warehouse, located at 444 Newell Street in Painesville, Ohio, presents a compelling investment opportunity. Built in 1980, the property boasts a substantial 8,199 square feet of space situated on a one-acre lot. The building is zoned M-2 Industrial, allowing for a wide range of potential uses. Key features include a convenient drive-in loading bay, ensuring efficient operations. The property also benefits from robust 480/3-phase power, ideal for industrial applications requiring significant electrical capacity. The location in Painesville, Ohio, zip code 44077, offers easy access to major transportation routes, making it an attractive option for businesses needing efficient logistics. The asking price for this well-maintained industrial building is $700,000. This represents a rare opportunity to acquire a functional and strategically located industrial property in a thriving market. The property's size, zoning, and power capabilities make it suitable for a variety of industrial businesses seeking a well-established and readily available space. Serious inquiries are encouraged.

• Alternative Use

  Use

  Valuation

  Residential

  $1,768,408

  Hospitality

  $1,619,853

  Educational

  $1,347,698

  Medical

  $1,394,048

  Retail

  $2,096,420

Location Insight

City

Painesville

County

Lake

State

Ohio

Latitude

41.7197

Longitude

-81.266

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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