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    1025 Mentor Ave Painesville, OH 44077

    Sponsored
    For Sale
    Contact for pricing

    Prime 4.92-acre lot, B-2 zoning.

    Property size:
    5,815 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4.92-acre commercial land parcel presents a unique investment opportunity in Painesville, Ohio. Located at 1025/1083 Mentor Avenue, this property boasts a highly desirable B-2 zoning designation, opening doors to a wide array of commercial development possibilities. The site features two existing buildings, constructed in 1910 and renovated in 1998, totaling 5,815 square feet on a single story. The property's strategic location offers approximately 325 feet of frontage along US Route 20, ensuring high visibility and accessibility. Utilities are readily available on-site, simplifying development plans. Furthermore, the property benefits from the availability of economic incentives, making it an even more attractive proposition for prospective developers. Its proximity to the Lake County YMCA and convenient access to State Routes 44 and 2, as well as Interstate 90, provide exceptional connectivity and exposure to a large customer base. The property's APN is 15C036J000080. This is a rare chance to acquire a substantial commercial land holding in a thriving Ohio location. The asking price is $0, and serious inquiries are encouraged.

    Property Features for 1025 Mentor Ave

    General Information

    Property type
    Land
    Square Feet
    5,815 SF
    Lot Size
    214,402 SF

    Building Details

    Year Built/Renovated
    1910/1998
    Buildings
    2
    Stories
    1

    HighLights

    • 4.92‑acre commercial land parcel in Painesville, OH.
    • B‑2 zoning allows for diverse commercial development.
    • Two existing 5,815 SF single‑story buildings (1910 construction, 1998 renovation).
    • 325' of frontage on US Route 20, offering high visibility.
    • On‑site utilities and available economic incentives.
    • Excellent location near SR 44, SR 2, I‑90, and the Lake County YMCA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -81.263837
    Latitude
    41.708632

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    FAQs

    What type of property is this?
    Land - Prime 4.92-acre lot, B-2 zoning.
    Where is this land located?
    The property is located at 1025 Mentor Ave Painesville, OH.
    What are key features of this property?
    This property features: 4.92-acre commercial land parcel in Painesville, OH.; B-2 zoning allows for diverse commercial development.; Two existing 5,815 SF single-story buildings (1910 construction, 1998 renovation).
    (440) 255-5552
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    1025 Mentor Ave 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
    1025 Mentor Ave Painesville, OH 44077
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