8537 Mentor Ave Mentor, OH 44060-5821
This exceptional investment opportunity presents a fully remodeled 6,214 square foot retail building situated on a 1.25-acre lot at 8537 Mentor Avenue in Mentor, Ohio. The property underwent a complete renovation in 2023, including a brand-new HVAC system, ensuring modern and efficient operation. Currently occupied by a tenant under a lease extending until September 30, 2029, this provides immediate and consistent cash flow. The property boasts ample parking with 45 spaces available, ensuring convenient access for customers and employees. Adding to its versatility, the property includes a former ATM building, offering potential for expansion or alternative use. The annual city light assessment is a modest $188.37. This turnkey retail center is ideally located in the heart of Mentor, offering excellent visibility and accessibility. The combination of a strong lease, recent renovations, and ample parking makes this a highly attractive investment opportunity with significant potential for long-term growth and return. The property's size and features make it suitable for a variety of retail uses, providing flexibility for future tenants or owners. This is a rare chance to acquire a well-maintained, income-producing retail property in a desirable location.
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.