367 N State St
Painesville, OH 44077
Retail Property For Sale
![367 N State St, Painesville, OH for sale - Building Photo - Image 1 of 5](https://images1.loopnet.com/i2/wRuzNPnJccF3Q9px7QSr7URSNUaZyA_yRMhopPX1qU8/110/367-N-State-St-Painesville-OH-Building-Photo-1-Large.jpg)
![367 N State St, Painesville, OH for sale - Building Photo - Image 2 of 5](https://images1.loopnet.com/i2/LYeVt2V3hWKL7O51F4ZprWjlKWklHhUBgyeFfoQ7dQw/110/367-N-State-St-Painesville-OH-Building-Photo-2-Large.jpg)
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
$149,000
Price Per SF
$22
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)
PROPERTY TAXES
Parcel Number | 15-A-013-0-00-038 | Improvements Assessment | $20,560 |
Land Assessment | $3,940 | Total Assessment | $24,500 |