Technical
Financial
Distress signals
Property profile

7368 Mentor Ave Mentor, OH 44060

OFF-MARKET
Automotive properties
Property ID
US66-1370031
6,138 SF 0.68 ac lot Built 1996
Entity Owned 13-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail opportunity presents a 6,138-square-foot free-standing building situated on a 0.68-acre lot in Mentor, Ohio. Located at 7368 Mentor Ave, near the intersection of RT 306, this single-tenant property boasts a convenient location within the CLE - Lake County West submarket. Built in 1996, the building comprises two single-story structures totaling 6,138 square feet, currently entirely vacant and ready for immediate occupancy. The property features robust electrical service with 800 Amps, 240V, 3-phase power, ensuring ample capacity for a variety of retail uses. The B-2 zoning allows for a range of commercial possibilities. This property is ideal for businesses seeking a high-visibility location with ample space in a thriving area of Lake County. The property's size and location offer significant potential for a variety of retail ventures. The address is 7368 Mentor Ave, Mentor, OH 44060. The property is zoned B-2 and is located in Lake County. The building offers a significant amount of space for a variety of retail uses. The property is ready for immediate occupancy.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1996
Construction WOOD
Total area 6,138 SF
Lot 0.68 ac (29,799 SF)
Zoning code R-2
APN 16-A-001-0-00-001-0
UPID US66-1370031

Cap rate & NOI

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

Location

7368 Mentor Ave Mentor, OH 44060-7543
Mentor metro Census 203200 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2013
3 recorded transactions
2013
Price N/A
1999
Price N/A
1969
Price N/A

Zoning & alternative use

R-2 · Mentor, OH
Zoning description

equesting a variance to Sec. 1165.01(a)(2) of the Mentor Code of Ordinances to allow an 180-sq. ft. accessory building at a 5-ft. side and rear setback in lieu of the minimum 10-ft. side and rear setback required in the…

General category RESIDENTIAL

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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