Property profile

2606 Riverside Dr Painesville, OH 44077

OFF-MARKET
Gas stations
Property ID
US66-0653523
1,800 SF 0.9 ac lot Built 1970
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Year built 1970
Total area 1,800 SF
Lot 0.9 ac (39,343 SF)
Zoning code B
APN 03-A-002-B-00-006-0
UPID US66-0653523

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

2606 Riverside Dr Painesville, OH 44077-5170
Painesville metro Census 205300 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$145k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$160k

Owner & transaction history

since 2025
Last sale
$190,000
5 recorded transactions
2025
$190,000
2024
Price N/A
2006
Price N/A
1999
$100,000
1969
Price N/A

Zoning & alternative use

B · Painesville, OH

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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