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    Bacon Rd Painesville, OH 44077

    For Sale
    $1,330,000

    Prime Ohio industrial land, flexible acreage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional investment opportunity presents 2 to 38± acres of prime industrial land situated on Bacon Rd in Painesville Township, Lake County, Ohio (APN: 11-B-046-0-00-003-0). Zoned I-2, Heavy Industrial, this property allows for a wide range of uses, including all those permitted in L-1 Light Industry, plus the manufacturing of chemicals, glass, paper, textiles, plastics, rubber, boiler works, foundry, forge, refinery, and smelter. The site boasts significant infrastructure advantages, including readily available city water and sanitary sewer, as well as on-site access to First Energy and Painesville Power. A Lake County Water Plant is conveniently located at the corner of Lake Road and Bacon Road. Potential rail access further enhances the property's logistical appeal. The asking price is $1,330,000, with a price per acre of $35,000 (based on acreage and location). The property is conveniently located near SR 20, SR 2, SR 44, and Interstate 90, offering excellent regional connectivity. Painesville Township's attractive feature of no local income tax adds to the financial benefits. Furthermore, SBA financing is available for qualified buyers. The seller will subdivide lots from 2± acres to the full 38± acres, providing flexibility to suit various development needs. This is a rare opportunity to acquire a strategically located, well-serviced industrial site in a thriving Ohio market.

    Property Features for 0 Bacon Rd

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • 38± acres total.
    • Lots available from 2± acres to 38± acres, priced accordingly.
    • I‑2 Heavy Industrial zoning.
    • Permitted uses include all light industrial uses plus chemical, glass, paper, textile, plastic, and rubber manufacturing; boiler works; foundry; forge; refinery; and smelter.
    • Sanitary sewer and city water available.
    • FirstEnergy and Painesville Power on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Painesville
    County
    Lake
    State
    Ohio
    Longitude
    -81.208038518507
    Latitude
    41.766988239609

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    FAQs

    What type of property is this?
    Land - Prime Ohio industrial land, flexible acreage.
    Where is this land located?
    The property is located at Bacon Rd Painesville, OH.
    What is the asking price?
    The asking price for this property is $1,330,000.
    What are key features of this property?
    This property features: 38± acres total.; Lots available from 2± acres to 38± acres, priced accordingly.; I-2 Heavy Industrial zoning.
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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
    Bacon Rd Painesville, OH 44077
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