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    444 Newell St Painesville, OH 44077

    For Sale
    $700,000

    Exceptional Painesville industrial warehouse for sale.

    Property size:
    8,199 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This freestanding industrial warehouse, located at 444 Newell Street in Painesville, Ohio, presents a compelling investment opportunity. Built in 1980, the property boasts a substantial 8,199 square feet of space situated on a one-acre lot. The building is zoned M-2 Industrial, allowing for a wide range of potential uses. Key features include a convenient drive-in loading bay, ensuring efficient operations. The property also benefits from robust 480/3-phase power, ideal for industrial applications requiring significant electrical capacity. The location in Painesville, Ohio, zip code 44077, offers easy access to major transportation routes, making it an attractive option for businesses needing efficient logistics. The asking price for this well-maintained industrial building is $700,000. This represents a rare opportunity to acquire a functional and strategically located industrial property in a thriving market. The property's size, zoning, and power capabilities make it suitable for a variety of industrial businesses seeking a well-established and readily available space. Serious inquiries are encouraged.

    Property Features for 444 Newell St

    General Information

    Property type
    Distribution properties
    Square Feet
    8,199 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1980

    HighLights

    • 1980 Construction.
    • 1,990 Square Feet.
    • 1‑Acre Lot, M‑2 Industrial Zoning.
    • Drive‑in access.
    • 480‑volt, 3‑phase power.
    • Freestanding industrial building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Painesville
    County
    Lake
    State
    Ohio
    Longitude
    -81.2659501
    Latitude
    41.7196043

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    FAQs

    What type of property is this?
    Distribution property - Exceptional Painesville industrial warehouse for sale.
    Where is this distribution property located?
    The property is located at 444 Newell St Painesville, OH.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 1980 Construction.; 1,990 Square Feet.; 1-Acre Lot, M-2 Industrial Zoning.
    Request Owner's contact information
    444 Newell 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
    444 Newell St Painesville, OH 44077
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