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    5899 Andrews Rd Mentor-on-the-Lake, OH 44060

    For Lease
    Contact for pricing

    Double-anchored shopping center, high traffic.

    Lot size:
    1,906 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 7.51-acre B-Class shopping center, located at 5899-5935 Andrews Road, presents a compelling investment opportunity. Built in 2003, the property boasts two single-story buildings totaling an impressive square footage (exact total not specified, but includes one available 1,906 sq. ft. space). The center benefits from a highly desirable B-2 zoning designation, ensuring flexibility for a variety of retail uses. Currently, the center features a double grocery store anchor, driving significant foot traffic and visibility. Abundant parking is available, ensuring convenient access for shoppers and employees. The property's prime location guarantees high traffic counts, making it an ideal investment for savvy retail operators. While the exact number of parking spaces is unavailable, the ample parking is a key feature. The property's excellent visibility and strategic location contribute to its strong potential for sustained growth and profitability. One retail space of 1,906 square feet is currently available. The property's features, including its double grocery store anchors and high traffic location, make it a highly attractive investment opportunity. The APN is 19A0920000020.

    Property Features for 5899 Andrews Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,906 SF
    Class
    B

    Building Details

    Year Built
    2003
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    5931
    Size
    1,906 SF

    HighLights

    • Retail shopping center totaling 7.51 acres.
    • Two single‑story buildings, built in 2003, Class B construction.
    • Multiple tenants, with one 1,906 sq. ft. space currently available.
    • Zoned B‑2.
    • APN: 19A0920000020.
    • Double grocery‑anchored center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    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
    Mentor-on-the-Lake
    County
    Lake
    State
    Ohio
    Longitude
    -81.3606483
    Latitude
    41.7106714

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    FAQs

    What type of property is this?
    Lifestyle center - Double-anchored shopping center, high traffic.
    Where is this lifestyle center located?
    The property is located at 5899 Andrews Rd Mentor-on-the-Lake, OH.
    What are key features of this property?
    This property features: Retail shopping center totaling 7.51 acres.; Two single-story buildings, built in 2003, Class B construction.; Multiple tenants, with one 1,906 sq. ft. space currently available.
    Request Owner's contact information
    5899 Andrews Rd Mentor-on-the-Lake, OH 44060
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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
    5899 Andrews Rd Mentor-on-the-Lake, OH 44060
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