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Property profile & analytics
FOR SALE
Turn key restaurants

1640 Mentor Ave Painesville, OH 44077

3,154 SF 0.34 ac lot Built 1958
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US66-6120503
Property summary
AI-generated overview

This exceptional 1,340 square foot retail space is ideally located at 1640 Mentor Avenue in Painesville, Ohio, within Lake County (zip code 44077). The property offers a single-tenant occupancy and is situated in a high-traffic area, directly across from a Marc's Supermarket, Tractor Supply Co., Dollar Tree, Aaron's, and a Starbucks. This ensures excellent visibility and accessibility for potential businesses. The space benefits from its position as an endcap unit, providing enhanced exposure. A strong existing tenant, Master Pizza, recently renewed their lease, demonstrating the location's appeal and stability. The property is conveniently located just half a mile west of the Lake County Fairgrounds on Mentor Avenue (Route 20), and within minutes of Lake Erie College, guaranteeing a consistent flow of potential customers. The surrounding area boasts a diverse range of established retailers, including Giant Eagle Supermarket, Planet Fitness, Pets Supplies Plus, Save-A-Lot, and AutoZone, further solidifying the area's commercial viability. This prime retail space presents a unique opportunity for businesses seeking high visibility and a strong customer base in a thriving commercial district. The property is ready for immediate occupancy.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1958
Total area 3,154 SF
Lot 0.34 ac (14,854 SF)
Zoning code B3
APN 11-A-016-H-00-003-0
UPID US66-6120503
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Pico Properties LLC · 6 yrs held
Pico Properties LLC
since 2019
6 recorded transactions
2024
Price N/A
2019
$305,000
2007
$300,000
2005
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B3 · Painesville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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