7450 Mentor Ave Mentor, OH 44060-5406
This exceptional retail property, located at 7450 Mentor Avenue in Mentor, Ohio, presents a fantastic investment opportunity. The freestanding building boasts a generous 5,000 square feet of space, offering significant flexibility for a variety of retail uses. Its prime location in Lake County, Ohio, ensures high visibility and accessibility for customers. The property is currently vacant, providing immediate occupancy for a new tenant or the opportunity to lease out portions of the space. The building's design allows for divisibility, with the potential to create two 2,500 square foot units, catering to multiple businesses or expanding existing operations. The 44060 zip code is a thriving commercial area, offering a strong customer base and ample parking. This property is ideal for businesses seeking a high-traffic location with excellent visibility and ample space to grow. The building's layout is adaptable to various retail concepts, making it a versatile option for entrepreneurs and established businesses alike. With its strategic location and substantial square footage, this property represents a compelling investment opportunity in a dynamic and prosperous market. The property is easily accessible from Mentor Avenue, a major thoroughfare in the area, ensuring convenient access for both customers and employees. This is a rare chance to acquire a well-situated, sizable retail space in a desirable location.
069,070-0 requesting a variance to Sec. 1173.09 of the Mentor Code of Ordinances to allow the installation of parking spaces at a 0-ft. setback from the right-of-way in lieu of the minimum 10-ft. setback required in the B-2, General Business District. RICHARD & MARSHA MAHONEY FOR 6169 THISTLEWOOD DRIVE, PP16-C-081-K-00-020-0 requesting a variance to Sec. 116…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Mentor, OH069,070-0 requesting a variance to Sec. 1173.09 of the Mentor Code of Ordinances to allow the installation of parking spaces at a 0-ft. setback from the right-of-way in lieu of the minimum 10-ft. setback required in the B-2, General Business District. RICHARD & MARSHA MAHONEY FOR 6169 THISTLEWOOD DRIVE, PP16-C-081-K-00-020-0 requesting a variance to Sec. 1165.01(a)(2) of the Mentor Code of Ordinances to allow an 180-sq. ft. accessory build
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.