Property summary
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
VerifiedCap rate & NOI
Current use
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Auto Repair Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B · Painesville, OHZoning
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Zoning designation
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