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12-Bed Assisted Living Facility
For Sale
Contact for pricing
Pending

270 Mentor Ave, Painesville, OH 44077

Renovated 12-bedroom assisted living facility with two living areas, two patios, and recently updated life-safety systems.

Property SizeContact for details
Days on Market147

Property Features for 270 Mentor Ave

General Information

Standard status Pending
Property subtype Special Purpose

Additional Details

Business Included Yes
Sprinkler System Yes
Listing Agency: CENTURY 21 Asa Cox Homes
Listed By: Asa Cox · License #OH
Source: Crexi
Added: Apr 12 Changed: Sep 3 Last Checked: Sep 1 at 6:53AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Asa Cox Homes

Investment Insights

Based on property information with market context.

This property is currently configured as an assisted living facility with 12 bedrooms and two full bathrooms. The interior layout includes two separate living room areas, and there are two concrete patios for outdoor space.

A complete renovation was completed within the last year. The property also features two new gas furnaces installed one year ago and a roof that is approximately 25 years old. In addition, a new fire alarm and sprinkler system were installed throughout the building, supporting the facility’s updated life-safety infrastructure.

Located at 270 Mentor Ave in Painesville, Ohio, this property offers an established healthcare-oriented use with recent capital improvements.

Key Highlights

  • 12‑bedroom assisted living facility with 2 full baths
  • Completed a full renovation within the last year
  • Life‑safety updates include a new fire alarm and new sprinkler system throughout

Property Analytics

Current Use

Assisted living facilities

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Dental Office Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

938
Businesses Nearby
Balanced
Demand for This Use

Demographics for 44077, OH

58,253
Population
24,928
Households
2.3
Avg Household Size
42
Median Age
29%
College-Educated
91%
High-School Grad
60.5 sq mi
ZIP Area
963
Density / Sq Mi
$80,692
Median Household Income
$45,315
Median Earnings
$972
Median Rent
$217,400
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Similar Off Market Nearby

  • The Cottage 270 Mentor Ave, Painesville, OH 44077
  • Starkey Place Assisted Living 270 Mentor Ave, Painesville, OH 44077
  • United Rest Homes Inc 308 S State St, Painesville, OH 44077
  • Ivy House Assisted Living 308 S State St, Painesville, OH 44077
  • Magnolia Residence 308 S State St, Painesville, OH 44077

Frequently Asked Questions

What type of property is this?
Assisted living facility - Renovated 12-bedroom assisted living facility with two living areas, two patios, and recently updated life-safety systems.
Where is this assisted living facility located?
The property is located at 270 Mentor Ave Painesville, OH.
What are key features of this property?
This property features: 12‑bedroom assisted living facility with 2 full baths; Completed a full renovation within the last year; Life‑safety updates include a new fire alarm and new sprinkler system throughout
(440) 479-3100 Call to check price and availability
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