Technical
Financial
Distress signals
Property profile

8900 Mentor Ave Mentor, OH 44060

FOR SALE
Retail space
Property ID
US66-2018177
36,600 SF 4.17 ac lot Built 1987
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

Mentor Corners, located at 8900 Mentor Avenue in Mentor, Ohio (zip code 44060), presents a compelling opportunity for retail businesses seeking space in a thriving Lake County shopping center. This multi-tenant property offers five available spaces, ranging in size from a comfortable 1,200 square feet to a substantial 5,825 square feet, providing flexibility for various retail concepts. The property's prime location on Mentor Avenue ensures high visibility and accessibility for customers. The address is easily identifiable and convenient for both local residents and those traveling through the area. The property is classified as a retail shopping center, indicating a built-in customer base and potential for synergistic partnerships with neighboring businesses. The diverse range of available space sizes allows for businesses of varying scales to find a suitable fit. This presents a unique opportunity to establish or expand a retail presence in a well-established and highly visible location within a bustling commercial area of Mentor, Ohio. Further details regarding lease terms and specific space availability can be provided upon request. This property is ideal for businesses seeking a strong foothold in a vibrant and accessible retail environment.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1987
Total area 36,600 SF
Lot 4.17 ac (181,645 SF)
Zoning code B-2
APN 16-A-018-0-00-003-0
UPID US66-2018177

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Physician
  • Restaurant
  • (Bike/Boat/Book/etc) Store Home Decor Store
  • Restaurant
  • Spa & Massage Center Alternative Medicine Practice

Location

8900 Mentor Ave Mentor, OH 44060
Mentor metro Census 203400 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.15M
Blend (final) Blend
$590k

Owner & transaction history

since 2022
4 recorded transactions
2022
Price N/A
2022
Price N/A
2010
Price N/A
1969
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

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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