7960 Plaza Blvd Mentor, OH 44060
- Outlet malls
- 159,043 SF
- 11.61 lot acres
Current Use by Public Records
- Outlet malls
Property Details for 7960 Plaza Blvd
- Year built
- 1973
- Lot size
- 11.61 lot acres
- Property size
- 159,043 SF
- Zone code
- B2
- Property type
- Outlet malls
- APN
- 16-A-003-0-00-014-0
- APU
- 16A0030000140
Description
Exceptional retail opportunity in Mentor, Ohio's thriving Great Lakes Plaza & Erie Commons. These adjacent, yet separately owned, power centers boast a strong tenant mix including At Home, Burlington, Michaels, JOANN, Petitti Garden Center, Chuck E. Cheese, and Discount Fashion Warehouse. The properties enjoy a highly visible location on Plaza Boulevard, directly adjacent to the super-regional Great Lakes Mall, ensuring significant foot traffic and brand recognition. Multiple spaces are available, ranging from a substantial 69,490 square foot former grocery store to smaller units of 10,095, 4,200, 3,100, and 1,080 square feet. Specific details on the 10,095 square foot space are available upon request. This presents a unique chance to establish a presence in a robust market. Mentor's diverse economy, encompassing advanced manufacturing, biomedical, aerospace, and polymer industries, supports a large and stable workforce of over 59,000 employees across more than 1,700 companies. The strategic location and established tenant base make this an ideal investment for businesses seeking high visibility and strong consumer traffic in a dynamic and growing community. While connected, Great Lakes Plaza and Erie Commons operate under separate ownership and have distinct property restrictions. Inquire today to learn more about these exceptional retail spaces and secure your place in this thriving commercial hub.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $10,450,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $10,405,000
- 6.5%
- $9,485,000
- 7%
- $9,220,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $11,015,000
- Geo Method
- $8,420,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $8,450,000
- Retail
- $11,025,000
- Mixed-Use
- $8,520,000
- Hospitality
- $10,650,000
- Educational
- $8,550,000
- Residential Income
- $11,070,000
- Energy
- $9,900,000
- Income-Based Land
- $11,200,000
- Food Service
- $10,445,000
Location Insight
- Map
- Local Demand
- City
- Mentor
- County
- Lake
- State
- Ohio
- Longitude
- -81.3663
- Latitude
- 41.6547
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
