Technical
Financial
Distress signals
Property profile

8455 Station St Mentor, OH 44060

FOR SALE
Turn key restaurants
Property ID
US66-6178834
5,159 SF 0.62 ac lot Built 1985
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1985
Total area 5,159 SF
Lot 0.62 ac (27,007 SF)
Zoning code M-1
APN 16-B-039-A-00-022-0
UPID US66-6178834

Cap rate & NOI

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

Location

8455 Station St Mentor, OH 44060
Mentor metro Census 206500 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$460k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$475k

Owner & transaction history

since 2023
Last sale
$480,000
2 recorded transactions
2023
$480,000
2006
$330,000

Zoning & alternative use

M-1 · Mentor, OH
Zoning description

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…

General category INDUSTRIAL

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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