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7515 Auburn Rd
Painesville, OH 44077

$2,826,279 USD

Service Station For Sale  •  1,975 SF

Property Details

  • Property Type Service Station
  • Total Building Size 1,975 SF
  • Lot Size 0.53 AC
  • Building Class C
  • Year Built 1994
  • Cap Rate 6.80 %
  • Tenancy Single
  • Zoning B-2
0 Transit Score
22 Walk Score

Highlights

Valuable Holding Income: The existing NNN lease provides a stable annual cash flow of over $187,000 for approximately four more years, offering secure
Prime High-Traffic Location: Strategically situated along Auburn Road with exposure to approximately ±27,880 vehicles per day, the site offers excepti
Significant Repositioning Upside: The property is currently dark, presenting a compelling opportunity to re-tenant or redevelop the site for a new use
Leverageable Existing Infrastructure: Utilizing the existing fueling and utility infrastructure can significantly reduce initial costs for a new energ
Control and Customization: As an owner-user, you gain complete control of the property, allowing for full customization of the space to fit specific b
Cap Rate: 6.80 %

Amenities

  • Pylon Sign
  • Signage

Public Transportation

AirportDriveWalkDistance
Cleveland-Hopkins International 58 min - 42.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Michael Tamir 646-921-9713 Matthews Real Estate Investment Services
Michael Tamir 646-921-9713 Matthews Real Estate Investment Services