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    1840 Mentor Ave Painesville, OH 44077

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    For Sale
    $1,700,000

    25,772± SF commercial space with residential units.

    Property size:
    28,606 SF
    Lot size:
    6.21 Acres

    Property Features for 1840 Mentor Ave

    General Information

    Size
    28,606 SF
    Lot size
    6.21 Acres

    Source: Global Real Estate Advisors Agent David Sigg, CCIM, Broker

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Commercial Space with Apartments

    This property features a 25,772± SF commercial space, including a 21,994± SF restaurant with seating for approximately 300 indoors, a 2,098± SF residential home, and a 1,680± SF ancillary building used as a storage shed. Additionally, there are three efficiency apartments located on the second floor. Situated on a 6.19± acre lot, the property offers potential for redevelopment. It has 480± FT of frontage on Mentor Ave (US Route 20) and is zoned B-2, General Retail. Potential uses for the property include a restaurant, wine bar or winery, bed and breakfast, or funeral home. The property is located on US Route 20, with close proximity to State Route 44, State Route 2, and Interstate 90. Nearby national retailers include Target, Kohl’s, Aldi’s Supermarket, and Lowe’s.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Painesville
    County
    Lake
    State
    Ohio
    Longitude
    -81.2842061
    Latitude
    41.6938055

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    FAQs

    What type of property is this?
    Restaurant - 25,772± SF commercial space with residential units.
    Where is this restaurant located?
    The property is located at 1840 Mentor Ave Painesville, OH.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - High-traffic location: Boasting 480\u00b1 ft frontage on Mentor Ave (US Route 20) with easy access to major routes.; - Large commercial space: Featuring a 21,994\u00b1 SF restaurant with 300\u00b1 indoor seats.; - Significant land area: 6.19\u00b1 acres, offering possible redevelopment potential.
    (440) 668-3300
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    1840 Mentor Ave Painesville, OH 44077
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    Painesville, OH 44077
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1840 Mentor Ave Painesville, OH 44077
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