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367 N State St
Painesville, OH 44077
Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Historic Tavern/Restaurant
- Lake County Governmental Seat
- Large Apartment on 2nd floor
- Partial Construction Completed--Demolition Completed to Wood Studs
EXECUTIVE SUMMARY
Historic building built in 1900. 2-story building previously bar/restaurant with partial basement. Building is built out of wood construction and sits on 0.10 acres. Frontage is along N. State Street. All utilities are present but need updated. Kitchen hood present in building. Interior improvements need to be completed and building is gutted to the 2'x4' studs.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
6,778 SF
Building Class
C
Year Built
1900
Price
$205,993 CAD
Price Per SF
$30.39 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.78
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
M-2
Parking
10 Spaces (1.48 Spaces per 1,000 SF Leased)
Frontage
45’ on State St
PROPERTY TAXES
| Parcel Number | 15-A-013-0-00-038 | Improvements Assessment | $50,877 CAD |
| Land Assessment | $4,893 CAD | Total Assessment | $55,770 CAD |
PROPERTY TAXES
Parcel Number
15-A-013-0-00-038
Land Assessment
$4,893 CAD
Improvements Assessment
$50,877 CAD
Total Assessment
$55,770 CAD
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