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Property profile & analytics
OFF-MARKET
Banks

8537 Mentor Ave Mentor, OH 44060-5821

7,062 SF 0.9 ac lot Built 1924
Entity Owned 3-yr Hold Free & Clear
Property ID
US66-2387581
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1924
Total area 7,062 SF
Lot 0.9 ac (38,999 SF)
Zoning code B-2
APN 16-B-046-0-00-019-0
UPID US66-2387581
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Brunner Sanden Deitrick LLC · 3 yrs held
Brunner Sanden Deitrick LLC
since 2022
Last sale
$475,000
1 recorded transaction
2022
$475,000
Zoning & alternative use
B-2 · Mentor, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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