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Property profile & analytics
OFF-MARKET Estimated value $1,330,000
Strip malls

5899 Andrews Rd 5945 Mentor On The Lake, OH 44060-2826

87,097 SF 7.6 ac lot Built 2003
Individually Owned 23-yr Hold ~ Est. High Equity
Property ID
US66-2824879
Property summary
AI-generated overview

This exceptional retail opportunity in Mentor-on-the-Lake, Ohio, presents 4,200 square feet of available space within a two-building complex situated on a substantial 7.51-acre lot. Built in 2003, the property boasts a Class B designation and is zoned B-2, offering significant flexibility for a variety of retail uses. The single-story buildings provide ample space for a variety of businesses. The property's strategic location on a corner lot provides excellent visibility and accessibility, further enhanced by its proximity to a Giant Eagle grocery store, ensuring high foot traffic. Potential tenants will benefit from the availability of pylon signage, maximizing brand exposure. While the exact number of parking spaces is currently unavailable, the ample lot size suggests significant parking capacity. The property's address is 5899-5935 Andrews Rd, Mentor-on-the-Lake, OH 44060, with the APN 19A0920000020 in Lake County. Junior anchor positions are available, presenting a unique chance to establish a strong presence in a thriving retail area. This property is an ideal investment for businesses seeking high visibility and convenient access in a well-established commercial zone.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2003
Total area 87,097 SF
Lot 7.6 ac (331,056 SF)
Zoning code B-DIS
APN 19-A-092-0-00-002-0
UPID US66-2824879
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
Current use
Occupant on record · Public records
  • Bubbakoo's Burritos Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.33M
Owner & transaction history
Lakeside Shopping Center Ltd · 23 yrs held
Lakeside Shopping Center Ltd
since 2003
7 recorded transactions
2006
Price N/A
2003
Price N/A
2002
Price N/A
1999
$475,000
1999
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B-DIS · Mentor On The Lake, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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