Technical
Financial
Distress signals
Property profile

8666 Mentor Ave Mentor, OH 44060

OFF-MARKET
Retail space
Property ID
US66-1086269
7,520 SF 0.7 ac lot Built 1948
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 7,520-square-foot retail property at 8666 Mentor Avenue in Mentor, Ohio, presents a remarkable investment opportunity. Located in a high-traffic area with excellent visibility on Mentor Avenue, this space boasts a prime location and significant historical presence as the former home of Pummel's Home Furnishings for 70 years. The property sits on a 0.7-acre lot and is zoned B-2 (commercial), offering a wide range of permitted uses. These include, but are not limited to, fast food establishments, office spaces, daycare centers, sit-down restaurants, creameries, and various mercantile businesses. The sale includes a large trailer and a smaller garage, adding significant value and potential for diverse uses. Convenient shared parking and drive access are available via the neighboring property to the east. The existing roof is a rolled roofing system, complemented by metal gutters on both sides of the building. This property's size, location, and zoning flexibility make it an ideal choice for a variety of commercial ventures. The history and established presence on Mentor Avenue provide a strong foundation for future success. This is a rare opportunity to acquire a substantial retail space in a thriving Ohio community.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1948
Total area 7,520 SF
Lot 0.7 ac (30,614 SF)
Zoning code B-2
APN 16-A-018-C-00-031-0
UPID US66-1086269

Cap rate & NOI

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

Location

8666 Mentor Ave Mentor, OH 44060-6140
Mentor metro Census 203400 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$560k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$680k

Owner & transaction history

since 2025
Last sale
$585,000
6 recorded transactions
2025
Price N/A
2025
$585,000
2025
$585,000
2011
Price N/A
2004
$1.8M
2004
Price N/A

Zoning & alternative use

B-2 · Mentor, OH
Zoning description

069,070-0 requesting a variance to Sec. 1173.09 of the Mentor Code of Ordinances to allow the installation of parking spaces at a 0-ft. setback from the right-of-way in lieu of the minimum 10-ft. setback required in the…

General category COMMERCIAL
Top alternative use upside
Office building $740,000 +54.0%
Auto repair, garage $630,000 +31.6%
Medical building $530,000 +10.5%

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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