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Freestanding Industrial Building
For Sale
Contact for pricing
Pending

255 Newell Street, Painesville, OH 44077

Freestanding industrial building offering a practical footprint for light manufacturing or warehouse use.

Property Size7,500 SF
Days on Market107

Property Features for 255 Newell Street

General Information

Standard status Pending
Size 7,500 SF
Class C
Property subtype Industrial
Listing Agency: Hanna Commercial Real Estate Cleveland
Listed By: Bob Biggar · License #OH
Source: Crexi
Added: Jun 5 Changed: Sep 18 Last Checked: Sep 19 at 9:03AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hanna Commercial Real Estate Cleveland

Investment Insights

Based on property information with market context.

The property is a freestanding industrial building totaling 7,500 square feet. It is offered for sale as an independent structure, providing a straightforward layout suitable for a range of industrial and flex-style requirements.

The building is located at 255 Newell Street in Painesville, Ohio. As a standalone industrial asset, it offers direct building identity for tenants or owners seeking independence from multi-tenant configurations.

For buyers or operators, this size can support warehouse storage, light industrial activity, or flexible workspace needs where an entire building footprint is advantageous. Its freestanding nature can also simplify day-to-day logistics compared with shared industrial facilities.

Key Highlights

  • Freestanding industrial building with a 7,500 SF footprint
  • Practical layout suited for light manufacturing or warehouse use

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Restaurant HVAC Service Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

188
Businesses Nearby
Under-served
Demand for This Use

Demographics for 44077, OH

58,253
Population
24,928
Households
2.3
Avg Household Size
42
Median Age
29%
College-Educated
91%
High-School Grad
60.5 sq mi
ZIP Area
963
Density / Sq Mi
$80,692
Median Household Income
$45,315
Median Earnings
$972
Median Rent
$217,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Similar Off Market Nearby

  • Lake Erie College Metz Culinary Management 391 W Washington St, Painesville, OH 44077

Frequently Asked Questions

What type of property is this?
Flex space - Freestanding industrial building offering a practical footprint for light manufacturing or warehouse use.
Where is this flex space located?
The property is located at 255 Newell Street Painesville, OH.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Freestanding industrial building with a 7,500 SF footprint; Practical layout suited for light manufacturing or warehouse use
(216) 839-2030 Call to check price and availability
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