2606 Riverside Dr Painesville, OH 44077
- Gas stations
- 1,800 SF
- 0.90 lot acres
Current Use by Public Records
- Gas stations
Property Details for 2606 Riverside Dr
- Year built
- 1970
- Lot size
- 0.90 lot acres
- Property size
- 1,800 SF
- Zone code
- B
- Property type
- Gas stations
- APN
- 03-A-002-B-00-006-0
- APU
- 03A002B000060
Description
This versatile 1,800 square foot commercial property, situated on a 0.9-acre lot at 2606 Riverside Drive in Painesville, Ohio, presents a unique investment opportunity. Originally constructed as a Gulf gas station, the building has served for many years as a thriving automotive repair shop. The property boasts three well-equipped bays, featuring newer overhead doors and recently replaced windows, ensuring efficient operation and a modern aesthetic. Significant recent upgrades include a new gas furnace installed within the bays, enhancing both comfort and operational efficiency. The electrical box was also updated within the last three to four years, providing a reliable and up-to-date electrical system. The property benefits from convenient access to city water, sanitary sewers, gas, and electric utilities. Zoned for business use (B-zoning), this property offers a multitude of potential uses, making it an ideal investment for entrepreneurs and business owners seeking a well-maintained and strategically located space. The ample 0.9-acre lot provides ample space for expansion or additional development, further enhancing its appeal. This property is ready for immediate occupancy and offers a strong return on investment. Its prime location and recent upgrades make it a highly desirable commercial property in the Painesville area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $160,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $210,000
- 6.5%
- $185,000
- 7%
- $200,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $210,000
- Geo Method
- $205,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $155,000
- Retail
- $185,000
- Mixed-Use
- $205,000
- Hospitality
- $175,000
- Educational
- $200,000
- Residential Income
- $205,000
- Energy
- $170,000
- Income-Based Land
- $195,000
- Food Service
- $180,000
Location Insight
- Map
- Local Demand
- City
- Painesville
- County
- Lake
- State
- Ohio
- Longitude
- -81.1877
- Latitude
- 41.7263
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
