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    8 E Erie St Painesville, OH 44077

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    For Lease
    Contact for pricing

    980 SF retail space available for sublease in Painesville.

    Property size:
    980 SF
    Lot size:
    0.38 Acres

    Property Features for 8 E Erie St

    General Information

    Size
    980 SF
    Lot size
    0.38 Acres

    Source: Cresco Real Estate | Cleveland Agent Alex Smith

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Gas Station Retail Space

    This 980 square foot former convenience store and gas station is situated on a 0.37-acre lot at the corner of East Erie and Richmond Street. The property offers convenient access to US Route 2, which sees nearly 40,000 vehicles per day. The sublease runs through May 31, 2029. Painesville is home to Lake Erie College and Lakeland Community College.
    Insight Report Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Painesville
    County
    Lake
    State
    Ohio
    Longitude
    -81.2463811
    Latitude
    41.7249013

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    FAQs

    What type of property is this?
    Gas station - 980 SF retail space available for sublease in Painesville.
    Where is this gas station located?
    The property is located at 8 E Erie St Painesville, OH.
    What are key features of this property?
    This property features: - High-traffic location with nearly 40,000 vehicles per day on US Route 2.; - 980 SF property on 0.37 AC.; - Sublease runs through 5/31/2029.
    (216) 525-1490
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    8 E Erie St Painesville, OH 44077
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    Painesville, OH 44077
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8 E Erie St Painesville, OH 44077
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