The Historic Bank Building
113 E. Main St, Painesville, OH 44077
113 E. Main St, Painesville, OH 44077
The Historic Bank Building was built in 1900 and consists of 4 levels (including basement) spread over 23K sq/ft. Citizens Bank was the anchor tenant that occupied the first two stories for more than 40 years. The building has since been vacant and neglected for more than a decade.
The city of Painesville was once a thriving community during the era when manufacturing communities were vibrant. After years of decline, the city is starting to see some investment and redevelopment specifically in the downtown sector with more than 8 million dollars in active investments.
We purchased this property for 190K plus and additional 380K in rehab costs, all financed through private investors. This is an active project and we expect completion during the summer of 2022. We anticipate adding more than 55 jobs to the city of Painesville when fully leased.
The city of Painesville was once a thriving community during the era when manufacturing communities were vibrant. After years of decline, the city is starting to see some investment and redevelopment specifically in the downtown sector with more than 8 million dollars in active investments.
We purchased this property for 190K plus and additional 380K in rehab costs, all financed through private investors. This is an active project and we expect completion during the summer of 2022. We anticipate adding more than 55 jobs to the city of Painesville when fully leased.
