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    1025/1083 Mentor Ave Painesville, OH 44077

    Sponsored
    For Sale
    Contact for pricing

    4.81-acre commercial land, two buildings.

    Property size:
    5,815 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.81-acre commercial land parcel, located at 1025/1083 Mentor Avenue (US RT 20) in Painesville, Ohio, presents a unique redevelopment opportunity. The property boasts two existing buildings totaling 5,815 square feet, constructed in 1910 and renovated in 1998. The single-story structures sit on a sizable lot with convenient access to major roadways, including SR 44 and I-90. The property features approximately 325 feet of frontage along US Route 20, ensuring high visibility and accessibility. The site benefits from existing utilities and is zoned for commercial use (APN: 15-C-036-J-00-008-0). Its strategic location adjacent to the Lake County YMCA further enhances its appeal. Economic incentives may be available for qualified redevelopment projects. This property is ideal for investors seeking a prime location with significant development potential in a thriving Ohio community. The property's size and location offer a multitude of possibilities for a variety of commercial ventures. Don't miss this chance to acquire a significant piece of Painesville's commercial landscape.

    Property Features for 1025/1083 Mentor Ave

    General Information

    Property type
    Retail properties
    Square Feet
    5,815 SF
    Lot Size
    209,524 SF

    Building Details

    Year Built/Renovated
    1910/1998
    Buildings
    2
    Stories
    1

    HighLights

    • 4.81± acre site.
    • Parcel ID 15‑C‑036‑J‑00‑008‑0.
    • Commercially zoned.
    • 325± feet of US Route 20 frontage.
    • Utilities on‑site.
    • Economic incentives available.
    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
    -81.264096
    Latitude
    41.708645

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    FAQs

    What type of property is this?
    Retail property - 4.81-acre commercial land, two buildings.
    Where is this retail property located?
    The property is located at 1025/1083 Mentor Ave Painesville, OH.
    What are key features of this property?
    This property features: 4.81± acre site.; Parcel ID 15-C-036-J-00-008-0.; Commercially zoned.
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    1025/1083 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
    1025/1083 Mentor Ave Painesville, OH 44077
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