Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B1 · Painesville, OHZoning
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Zoning designation
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