Property profile

7144 Mentor Ave Willoughby, OH 44094

OFF-MARKET
Lifestyle centers
Property ID
US66-5339239
15,000 SF 2.5 ac lot
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Property summary

AI-generated overview

This exceptional retail opportunity presents 15,000 square feet of vacant space in a 15,000 square foot shopping center located at 7144 Mentor Avenue in Willoughby, Ohio, 44094. The property sits on a 2.5-acre lot and is zoned for retail use. The building is ideally situated on Mentor Avenue with convenient access from Rt 306, ensuring high visibility and accessibility for potential tenants. The flexible space allows for multiple tenants, with a minimum divisible unit size of 1,600 square feet. This is a brand-new strip center development, slated for completion in 2024, presenting a unique chance to be part of a thriving retail hub. The property's strategic location and modern design make it an attractive option for businesses seeking high foot traffic and excellent exposure. The ample space offers significant potential for a variety of retail uses, catering to diverse business needs. This is a ground-floor opportunity to establish a presence in a rapidly developing area of Willoughby. The property's zoning designation specifically allows for retail businesses, ensuring a seamless and compliant operation. This is an excellent investment opportunity for businesses seeking a high-traffic location with significant visibility.

Property profile

Verified
Property type Lifestyle centers
Total area 15,000 SF
Lot 2.5 ac (108,900 SF)
UPID US66-5339239

Cap rate & NOI

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

Location

7144 Mentor Ave Willoughby, OH 44094
Willoughby metro
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Value estimations

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Owner & transaction history

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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