8434 Mentor Ave Mentor, OH 44060-5817
This exceptional 2,200 square foot special purpose property, located in Lake County, presents a unique investment opportunity. The building, constructed in 1880 and renovated in 2001, boasts a rich history and sits on a sizable 0.93-acre lot. Currently operating as a single-tenant establishment, the three-story building offers significant potential for various uses, subject to the B-2 zoning classification. The property's historical character is complemented by modern updates, creating a blend of old-world charm and contemporary functionality. While parking is not provided on-site, the convenient location offers ample street parking options. The absence of building suites allows for a flexible and adaptable layout, perfect for a variety of businesses. The property's unique character, combined with its prime location and substantial lot size, makes it an attractive proposition for discerning investors seeking a distinctive commercial property in Lake County. The Assessor's Parcel Number (APN) is 16A012A000050. This is a Class B building with a single tenant occupancy. The property's historical significance and potential for future development make it a truly remarkable opportunity.
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, OHMentor. Always verify with local authorities before improvements.
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.