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Property profile

7285 Center St Mentor, OH 44060

OFF-MARKET
Mixed-use properties
2,496 SF 0.44 ac lot Built 1910
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Property summary

AI-generated overview

This exceptional mixed-use property at 7285 Center Street in Mentor, OH, presents a lucrative investment opportunity. Spanning 0.44 acres, the property features two distinct buildings generating immediate cash flow. The primary building, totaling 2,496 square feet, boasts a prime location with easy highway access and ample parking. Currently configured for spa/medical services, this versatile space offers endless possibilities for various businesses, including office spaces, retail ventures (bridal shop, nail salon, tattoo shop, etc.). Two units are currently leased on a month-to-month basis, providing immediate rental income. The second building on the lot is a three-bedroom residential home occupied by a long-term tenant, further enhancing the property's cash flow potential. This turnkey investment is priced to sell, offering a significant return on investment. The buyer is responsible for conducting due diligence to confirm permitted uses. This property is an excellent opportunity for investors seeking a diversified portfolio with immediate income generation and significant upside potential. The combination of commercial and residential spaces creates a unique and attractive investment package. Don't miss this chance to acquire a high-demand property in a thriving location.

Property profile

Verified
Property type Mixed-use properties
Year built 1910
Total area 2,496 SF
Lot 0.44 ac (19,166 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7285 Center St Mentor, OH 44060
Mentor metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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