Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    Renaissance Pkwy Painesville, OH 44077

    Sponsored
    For Sale
    $243,600

    5.84-acre industrial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.84-acre industrial land parcel, located in Painesville, Ohio (44077), presents a unique investment opportunity. Situated on Renaissance Pkwy in Lake County, this property is zoned for industrial use and boasts all utilities on-site. The asking price is $243,600 (APN: 35A008000007). This site is part of a Community Reinvestment Area, offering significant financial incentives to prospective buyers. A 10-year, 100% tax abatement is available, along with customizable incentive packages provided by both the City of Painesville and Lake County. Painesville City Power services the area. While the property is subject to covenants, conditions, and restrictions, the potential benefits are substantial. The location offers access to a strong workforce, and the site is strategically positioned near established businesses such as Mar-Bal, Cintas, Lubrizol, and PCC Airfoils. This is an ideal opportunity for businesses seeking a well-located, incentivized industrial site in a thriving community.

    Property Features for 0 Renaissance Pkwy

    General Information

    Property type
    Land
    Lot Size
    254,390 SF

    HighLights

    • 5.84± Acres of industrially zoned land in Painesville, OH.
    • Offered for sale by the City of Painesville.
    • All utilities on‑site.
    • Located in a Community Reinvestment Area.
    • 10‑year, 100% tax abatement available.
    • Customizable incentive packages from Painesville and Lake County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Painesville
    County
    Lake
    State
    Ohio
    Longitude
    -81.265992277701
    Latitude
    41.718614387368

    Nearby Similar for Sale

    • $699,900
      0.53 Acres

      Distinctive Commercial Building on Mentor Avenue

      High-visibility commercial building in Painesville with B1 and B2 zoning.
      1100 Mentor Ave, Painesville, OH 44077
      View Details
    • $150,000
      Pending

      Painesville Commercial Building For Sale

      Well-maintained commercial building with long-term tenant in place.
      161 E Washington St, Painesville, OH 44077
      View Details
    • $160,000
      0.38 Acres

      Painesville Commercial Property For Sale

      Commercial property with B-3 zoning, suitable for office or retail.
      10 Palmer Ave, Painesville, OH 44077
      View Details
    • $149,000
      0.10 Acres

      Painesville Historic Building For Sale

      Historic 2-story building, formerly a bar/restaurant, on 0.10 acres.
      367 N State St, Painesville, OH 44077
      View Details
    • New
      $90,000
      0.22 Acres

      Painesville Commercial Investment Opportunity

      Commercial building near downtown Painesville with ample parking.
      450 Chester St, Painesville, OH 44077
      View Details
    • $250,000
      6.76 Acres

      Established Auto Business Assets For Sale

      Profitable auto business assets for sale in Painesville, Ohio.
      12010 Girdled Rd, Painesville, OH 44077
      View Details
    • $1,700,000
      28,606 SF

      Versatile Commercial Space with Apartments

      25,772± SF commercial space with residential units.
      1840 Mentor Ave, Painesville, OH 44077
      View Details
    • $595,000
      10,458 SF

      Retail Building with Warehouse Space

      Retail building with warehouse, showroom, and fenced yard.
      1650 Mentor Ave, Painesville, OH 44077
      View Details
    • $525,000
      21,326 SF

      Industrial Building with Warehouse Space

      21,046 SF industrial building with warehouse and office space.
      466 W Jackson St, Painesville, OH 44077
      View Details
    • $155,000
      1,412 SF

      Retail Facility Near Chesapeake Cove

      Retail facility for sale near Chesapeake Cove development.
      2025 Mentor Ave, Painesville, OH 44077
      View Details
    • Contact for pricing
      21,694 SF

      Remodeled Auto Dealership Near Retail

      Recently remodeled 21,694 SF auto dealership near major retailers.
      2115 Mentor Ave, Painesville, OH 44077
      View Details
    • Contact for pricing
      2,978 SF

      Painesville Retail Property For Sale

      2,978 SF retail property in Painesville, Ohio.
      1655 Mentor Ave, Painesville, OH 44077
      View Details

    FAQs

    What type of property is this?
    Land - 5.84-acre industrial lot, prime location.
    Where is this land located?
    The property is located at Renaissance Pkwy Painesville, OH.
    What is the asking price?
    The asking price for this property is $243,600.
    What are key features of this property?
    This property features: 5.84± Acres of industrially zoned land in Painesville, OH.; Offered for sale by the City of Painesville.; All utilities on-site.
    Request Owner's contact information
    Renaissance Pkwy Painesville, OH 44077
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Renaissance Pkwy
    Painesville, OH 44077
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Renaissance Pkwy Painesville, OH 44077
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.