Bacon Rd Painesville, OH 44077
- Land
- 2.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Bacon Rd
- Lot size
- 2.00 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Painesville
- County
- Lake
- State
- Ohio
- Longitude
- -81.208
- Latitude
- 41.767
