Property summary
This exceptional commercial land opportunity presents a rare chance to secure a highly visible outparcel directly in front of a Lowe's store. Located at the southeast corner of Mentor Avenue (SR 20) and Old Johnnycake Ridge Road in Mentor, Ohio, this property benefits from an unparalleled location within a thriving retail environment. Mentor boasts a robust economy, ranking as the sixth largest retail trade area in Ohio, with over 300 retail businesses generating nearly $1.5 billion in annual sales. The site's strategic placement ensures maximum exposure to a substantial daily traffic volume exceeding 26,000 vehicles at the intersection. This high-income area is characterized by a dense population, providing a large and readily accessible customer base. The property is offered as a ground lease only, presenting a flexible and potentially lucrative investment opportunity for developers seeking a prime location within a well-established and high-performing retail corridor. The site's visibility and proximity to a major retailer like Lowe's make it ideal for a variety of commercial uses, offering significant potential for long-term growth and return on investment. This is a truly exceptional opportunity to establish a presence in one of Ohio's most dynamic retail markets. The property is designated as commercial land and is classified as a single-tenancy outparcel within Lake County.
Property profile
VerifiedCap rate & NOI
Current use
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Garden Center
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Building Supply Industrial Manufacturer
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General Contractor
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Locksmith (Bike/Boat/Book/etc) Store
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Building Supply Hardware & Home Improvement
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Mentor, OH069,070-0 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
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