Property summary
This exceptional 1-acre commercial land parcel presents a remarkable investment opportunity in Mentor, Ohio. Strategically located at the highly visible corner of Reynolds Road (SR 306) and Tyler Boulevard, this property boasts exceptional daily traffic counts exceeding 35,000 vehicles. The location benefits from a strong daytime population, substantial residential presence, and significant commuter traffic, ensuring consistent visibility and accessibility for any business. The surrounding area demonstrates impressive demographics, with average household incomes within a 5-mile radius reaching $100,000. This translates to a robust consumer base with significant purchasing power. The property is zoned B-2, General Business, providing flexibility for a wide range of commercial uses. The site's size offers ample space for development, making it ideal for a variety of retail or commercial ventures. With its prime location, high traffic volume, and strong demographics, this property represents a rare opportunity to establish a thriving business in a highly desirable area of Mentor, Ohio. The address is 7861 Reynolds Rd, Mentor, OH 44060, situated in Lake County.
Property profile
VerifiedCap rate & NOI
Current use
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Bar & Pub Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property 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…
Zoning
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Zoning designation
Official district profile
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…
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