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Property summary
This exceptional 5,159 square foot retail property, situated on a 2.05-acre lot at 8455 Station Street in Mentor, Ohio, presents a unique investment opportunity. The property boasts a rich history and currently operates as a full-service restaurant, event/party center, and bar. Its prime location in the heart of Mentor ensures high visibility and foot traffic. The building's versatility is further enhanced by an additional 3,500 square feet of covered outdoor space, perfect for al fresco dining or event hosting. All existing equipment and a valuable liquor license are included in the sale price of $725,000. This turnkey operation benefits from its proximity to key attractions such as the Great Lakes Mall, Mentor Civic Amphitheater, and Mentor Lagoons Nature Preserve, drawing a consistent stream of customers from both local residents and tourists. The surrounding area is characterized by a diverse mix of retail and dining establishments, creating a vibrant and bustling commercial environment. This property is ideally suited for investors seeking a profitable venture in the retail or restaurant sector, offering a blend of established business and significant growth potential within a thriving community.
Property profile
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Location
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Owner & transaction history
Zoning & alternative use
The purpose of the M- 1 District shall be to provide locations for activities generally understood to be manufacturing activities in a manner conducive to the creation of new job opportunities, minimization of impacts on…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
M-1 · Mentor, OHThe purpose of the M- 1 District shall be to provide locations for activities generally understood to be manufacturing activities in a manner conducive to the creation of new job opportunities, minimization of impacts on…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The purpose of the M- 1 District shall be to provide locations for activities generally understood to be manufacturing activities in a manner conducive to the creation of new job opportunities, minimization of impacts on…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M-1 in Mentor, OH.
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