Renaissance Pkwy Painesville, OH 44077
- Land
- 5.84 lot acres
Current Use by Public Records
- Land
Property Details for 0 Renaissance Pkwy
- Lot size
- 5.84 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
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.
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
- -81.266
- Latitude
- 41.7186
