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Property profile & analytics
FOR LEASE
Office buildings

100 S Park Pl Painesville, OH 44077

198,276 SF 1.84 ac lot Built 1973
Entity Owned 3-yr Hold Free & Clear
Property ID
US66-2387584
Property summary
AI-generated overview

This exceptional three-story commercial building, situated in the heart of Painesville, Ohio at 100 South Park Place, presents a unique opportunity for multiple tenants. Boasting approximately 191,000 square feet of rentable space, this Class C property offers a diverse range of unit sizes to accommodate various business needs. Built in 1973 and zoned B-3, the building features convenient freight and passenger elevators, ensuring easy accessibility for both tenants and customers. A rear loading dock further enhances operational efficiency. The property sits on a 1.75-acre lot (APN: 15C0010000010, Lake County) and is ideally suited for a mix of uses, including restaurants, professional offices, art studios, fitness centers, coffee shops, yoga studios, hair salons, and other retail establishments. The owner is willing to collaborate on build-to-suit projects for qualified tenants, offering a high degree of customization and flexibility. One space is currently available. This is a full-service property in a vibrant downtown location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1973
Total area 198,276 SF
Lot 1.84 ac (80,238 SF)
Zoning code B-3
APN 15-C-001-0-00-001-0
UPID US66-2387584
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.36M
Blend (final) Blend
$4.62M
Owner & transaction history
City Of Painesville · 3 yrs held
City Of Painesville
since 2023
2 recorded transactions
2023
Price N/A
2022
$6,000
Zoning & alternative use
B-3 · Painesville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

B-3 Central Business DD Downtown Development M-1 Light Industrial M-2 Industrial Zoning Overlays: Design Districts, Historic Districts, PUD For more detail regarding zoning regulations for each district, see Chapter 1113 of the Unified Development Code. All requests for permitted uses for a given property can be submitted in writing to the City Planner. What…

Zone name Central Business
General category MIXED_USE
Zone area 43.20 ac
Source Painesville, OH
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