7515 Auburn Rd, Painesville, OH 44077 For Sale

Value-Add / Upside Opportunity: Well-suited for an experienced operator to improve performance through branding, merchandising, or operational efficiencies

Valuable Holding Income: The existing NNN lease provides a stable annual cash flow of over $187,000 for approximately four more years, offering secure income during the planning and permitting phases of a redevelopment.

Prime High-Traffic Location: Strategically situated along Auburn Road with exposure to approximately ±27,880 vehicles per day, the site offers exceptional visibility and ease of access for a future business.

Significant Repositioning Upside: The property is currently dark, presenting a compelling opportunity to re-tenant or redevelop the site for a new use, such as a different retail business, a bank branch, or a medical facility.

Owner-User or Redevelopment Opportunity – Ideal for an active operator seeking upside or a developer targeting high-traffic retail demand

Control and Customization: As an owner-user, you gain complete control of the property, allowing for full customization of the space to fit specific business needs without landlord restrictions, while simultaneously building equity.

Potential for Brownfield Incentives: Redeveloping a former petroleum site in Ohio may qualify for state and federal brownfield remediation grants and tax incentives, which can offset significant cleanup and development costs.