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    7430 Mentor Ave Mentor, OH 44060

    Sponsored
    For Lease
    Contact for pricing

    Prime 1-acre retail land, high traffic

    Lot size:
    43,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1-acre commercial land parcel presents a unique redevelopment opportunity in the thriving city of Mentor, Ohio. Strategically located at the highly visible intersection of Mentor Avenue and Reynolds Road (State Route 306), this site benefits from an average daily traffic count of 21,639 vehicles. Its prime location between State Route 2 and Interstate 90 ensures unparalleled exposure and accessibility. The property boasts outstanding frontage and visibility, making it ideal for a variety of retail developments. An existing pylon sign is in place, offering immediate branding potential. The surrounding area is anchored by established national retailers including Marc's, Old Navy, Marshalls, and DSW, creating a strong retail environment and attracting a significant consumer base. This site is perfectly positioned to capitalize on the high traffic volume and strong retail presence in this established commercial corridor. The property's size and location make it an attractive investment for developers seeking a high-impact retail project in a densely populated and easily accessible area. This is a rare opportunity to acquire a premier redevelopment site in a highly desirable location with exceptional visibility and traffic counts. The property is zoned for commercial use and is ready for immediate development. Contact us today to learn more about this exciting opportunity.

    Property Features for 7430 Mentor Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,560 SF

    Unit(s) available at that property

    Space
    Redevelopment Opportunity
    Size
    43,560 SF

    HighLights

    • 1.0‑acre redevelopment opportunity in Mentor, OH.
    • High‑visibility location at the intersection of Mentor Avenue and Reynolds Road (SR 306).
    • Existing pylon signage and 21,639 vehicles per day traffic count.
    • Excellent access to SR 2 and I‑90.
    • Prominent location near Marc's, Old Navy, Marshalls, and DSW.
    • Outstanding frontage and visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency 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
    County
    Lake
    State
    Ohio
    Longitude
    -81.375939067748
    Latitude
    41.653736019331

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    FAQs

    What type of property is this?
    Land - Prime 1-acre retail land, high traffic
    Where is this land located?
    The property is located at 7430 Mentor Ave Mentor, OH.
    What are key features of this property?
    This property features: 1.0-acre redevelopment opportunity in Mentor, OH.; High-visibility location at the intersection of Mentor Avenue and Reynolds Road (SR 306).; Existing pylon signage and 21,639 vehicles per day traffic count.
    Request Owner's contact information
    7430 Mentor Ave 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
    7430 Mentor Ave Mentor, OH 44060
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