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    7861 Reynolds Rd Mentor, OH 44060

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    For Sale
    Contact for pricing

    1-Acre Commercial Lot, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1-acre commercial land parcel presents a remarkable investment opportunity in Mentor, Ohio. Strategically located at the highly visible corner of Reynolds Road (SR 306) and Tyler Boulevard, this property boasts exceptional daily traffic counts exceeding 35,000 vehicles. The location benefits from a strong daytime population, substantial residential presence, and significant commuter traffic, ensuring consistent visibility and accessibility for any business. The surrounding area demonstrates impressive demographics, with average household incomes within a 5-mile radius reaching $100,000. This translates to a robust consumer base with significant purchasing power. The property is zoned B-2, General Business, providing flexibility for a wide range of commercial uses. The site's size offers ample space for development, making it ideal for a variety of retail or commercial ventures. With its prime location, high traffic volume, and strong demographics, this property represents a rare opportunity to establish a thriving business in a highly desirable area of Mentor, Ohio. The address is 7861 Reynolds Rd, Mentor, OH 44060, situated in Lake County.

    Property Features for 7861 Reynolds Rd

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • High‑visibility corner lot at Reynolds Road (SR 306) & Tyler Boulevard.
    • Over 35,000 vehicles pass the intersection daily.
    • Excellent daytime, residential, and commuter traffic.
    • $100,000 average household income within a 5‑mile radius.
    • B‑2 General Business zoning.
    • Up to one‑acre parcel available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Mentor
    County
    Lake
    State
    Ohio
    Longitude
    -81.3768459
    Latitude
    41.6576042

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    FAQs

    What type of property is this?
    Land - 1-Acre Commercial Lot, High Traffic
    Where is this land located?
    The property is located at 7861 Reynolds Rd Mentor, OH.
    What are key features of this property?
    This property features: High-visibility corner lot at Reynolds Road (SR 306) & Tyler Boulevard.; Over 35,000 vehicles pass the intersection daily.; Excellent daytime, residential, and commuter traffic.
    Request Owner's contact information
    7861 Reynolds Rd Mentor, OH 44060
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    Mentor, 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
    7861 Reynolds Rd Mentor, OH 44060
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