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Painesville, OH Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Painesville, Ohio Market population: 20K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....

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12 properties found
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⭐ Featured

Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code

$1,200,000
Oakland Multifamily

Discover a compelling real estate investment in the vibrant city of Oakland, California. This property at 5476 Vicente W...

Cap Rate 2.70%
NOI $32,400
Size 1,800 SF

📊 Avg Property Tax Rate For Painesville OH Properties: 1.5200%

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High-Cap-Rate Value-Add Multifamily Investment in Oakland

$2,299,999
Oakland Multifamily

Discover a compelling value-add opportunity in Oakland’s vibrant real estate market. This six-unit multifamily propert...

Cap Rate 7.97%
NOI $183,323
Size 6,104 SF

Investor Questions For Painesville OH

Common questions from investors exploring commercial real estate in Painesville OH.

What's the overall investment potential of Painesville, OH, considering its demographics and economy? +
Painesville's median household income of $35,536, combined with a poverty rate of 22.2% and a health insurance coverage of 87.5%, suggests a working-class market with some employment stability, making it a potential location for affordable housing investments. The city's diverse population, with top ethnicities including White, White Non-Hispanic, and Hispanic, and a foreign-born rate of 14.1%, could support a range of rental properties. Additionally, the top industries, including Information, Finance & Insurance, and Wholesale Trade, indicate a relatively stable job market.
How does the city's quality of life impact its attractiveness to renters and investors? +
The average commute time of 19.2 minutes and top commute methods, such as driving alone, carpooling, and working from home, suggest a relatively convenient and flexible transportation situation, which could appeal to renters. Furthermore, the health insurance coverage rate of 87.5% and a median age of 31.5 indicate a relatively healthy and stable population, making Painesville an attractive location for investors seeking long-term tenants. The city's homeownership rate of 48.8% also leaves room for rental opportunities.
What are the key factors to consider when evaluating the local housing market? +
The median property value of $110,500 and median property taxes of $3,366 are important considerations for investors, as they impact cash flow and potential returns. The poverty rate of 22.2% and income inequality, as measured by the GINI coefficient of 0.461, suggest that affordable housing options may be in demand. Moreover, the employed population of 8,607 and top industries, including Information and Finance & Insurance, indicate a relatively stable job market, which could support rental income and property appreciation.
How does the city's ethnic diversity and industry mix impact market demand? +
Painesville's diverse population, with significant White, White Non-Hispanic, and Hispanic communities, and a foreign-born rate of 14.1%, could drive demand for a range of housing types and amenities. The top industries, including Information, Finance & Insurance, and Wholesale Trade, suggest a relatively stable and diverse economy, which could attract a range of professionals and families, supporting rental demand and potentially driving up property values. The median household income of $35,536 and poverty rate of 22.2% also indicate a need for affordable housing options.
What are the implications of the city's health insurance coverage and commute times for investor returns? +
The high health insurance coverage rate of 87.5% and relatively short average commute time of 19.2 minutes suggest a relatively healthy and convenient living situation, which could appeal to renters and support long-term tenancies. This, in turn, could lead to more stable cash flows and higher potential returns for investors. Additionally, the city's median age of 31.5 and employed population of 8,607 indicate a relatively stable and productive workforce, which could drive demand for housing and support local economic growth.

Painesville OH Real Estate & City Facts

Key facts and real estate information about Painesville OH.

What are some of the best neighborhoods to live in Painesville? +
Some of the best neighborhoods to live in Painesville include Auburn Hills, Lockwood Ridge, and Perry. These neighborhoods are known for their friendly communities, dog-friendly parks, and easy freeway access. However, it's worth noting that the most desired areas tend to be in the southwest parts of the city, while more affordable homes are in the northwest regions.
What are some fun things to do in Painesville? +
There are plenty of fun things to do in Painesville, including visiting the Painesville Railroad Museum, exploring the Lake Metroparks Greenway Corridor, and checking out the Craft and Antique Co-op. You can also visit the nearby Holden Arboretum, which is one of the largest and best in the area. Additionally, the Chapin Forest trails are excellent for hiking and feature Gildersleeve Mountain.
What is the food scene like in Painesville? +
The food scene in Painesville is diverse and offers a range of options. Some popular restaurants include Redhawk Grille, Pub 1812 at Rider's Inn, and Bada Bing Pizza. You can also find upscale dining options like The Pompadour and Nouveau Bistro & Lounge. Additionally, there are plenty of great food trucks and casual eateries to choose from, such as Flavors Around The Square and Silvestros.
What are the pros and cons of living in Painesville? +
The pros of living in Painesville include its friendly communities, easy freeway access, and plenty of outdoor recreational opportunities. However, some cons include the city's higher crime rate and poverty rate compared to other areas in the region. Additionally, the city's economy is still recovering from the decline of the manufacturing industry, which can make it challenging to find certain types of jobs.
Is Painesville a good place to live? +
Painesville can be a good place to live for those who value a strong sense of community and outdoor recreational opportunities. While the city faces some challenges, such as a higher crime rate and poverty rate, it also has a lot to offer, including a diverse food scene and plenty of fun things to do. Ultimately, whether or not Painesville is a good place to live depends on your individual priorities and preferences.
⭐ Featured

Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Apartment Building

Presenting a high-yield investment opportunity at 5476 Vicente Way in Oakland's sought-after Temescal neighborhood. This...

Cap Rate 7.97%
NOI $183,300
Size 0 SF

📊 Average Income For Painesville OH Commercial Property: $35,536

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Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Multifamily

Discover a compelling investment opportunity at 5476 Vicente Way in Oakland's vibrant Temescal neighborhood. This well-m...

Cap Rate 7.97%
NOI $183,324
Size 0 SF
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Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a compelling investment in Central City, Colorado, with this newly constructed 18-unit multifamily property at...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA

$1,750,000
San Fernando Multifamily

Presenting a compelling value-add opportunity in the heart of San Fernando, California, this 8-unit multifamily property...

Cap Rate 6.66%
NOI $116,550
Size 5,040 SF
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Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate

$30,000,000
Valley Village Multifamily

Discover a prime multifamily investment opportunity in the desirable Valley Village neighborhood of Los Angeles County....

Cap Rate 3.39%
NOI $1,017,000
Size 52,393 SF
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Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate

$1,275,000
San Fernando Multifamily

Discover a compelling multifamily investment in the heart of San Fernando, California. This 5-unit apartment property, p...

Cap Rate 7.76%
NOI $98,945
Size 10,888 SF
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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000
Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %
NOI $0
Size 30,000 SF
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Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset

$1,375,000
Philadelphia Multifamily

Discover a prime investment opportunity at 1531 Green St in Philadelphia, PA, a dynamic multifamily property offering co...

Cap Rate %
NOI $0
Size 6,624 SF
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