Property profile

2115 Mentor Ave Painesville, OH 44077

OFF-MARKET
Automotive properties
Property ID
US66-6276323
21,694 SF 1.88 ac lot Built 1962
Entity Owned 14-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 21,694-square-foot auto dealership is situated on a 2.95-acre lot in Painesville, Ohio, offering a prime location for automotive businesses. Recently remodeled, the property boasts ample space for sales, service, and storage. Its strategic location on Mentor Avenue provides excellent visibility and accessibility, benefiting from a high volume of daily traffic (17,363 vehicles per day). The property enjoys convenient access to major highways, including OH-44 and I-90, ensuring easy commutes for both customers and employees. Furthermore, its proximity to numerous well-established retailers such as Target, Aldi's, Sherwin Williams, Chick-fil-A, Crumbl, and Trader Joe's provides significant advantages in terms of customer traffic and brand recognition. This presents a unique opportunity for an established auto dealership or a new venture seeking a high-traffic, well-located space in a thriving retail environment within Lake County. The property's size and recent renovations make it an attractive investment for those seeking a turnkey operation or a space to customize to their specific needs. This is a rare opportunity to acquire a well-positioned and updated commercial property in a desirable Ohio market.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1962
Total area 21,694 SF
Lot 1.88 ac (82,067 SF)
Zoning code B1
APN 11-A-014-0-00-017-0
UPID US66-6276323

Cap rate & NOI

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

Location

2115 Mentor Ave Painesville, OH 44077-1369
Painesville metro Census 204700 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.20M
Blend (final) Blend
$340k

Owner & transaction history

since 2012
7 recorded transactions
2012
$500,000
2004
Price N/A
2004
$57,500
2004
$47,250
1998
$200,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B1 · Painesville, OH

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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