5961 Andrews RdMentor-on-the-Lake, OH 44060
- Retail properties
- 11,620 SF
Property Details for 5961 Andrews Rd
- Year built
- 2000
- Lot size
- 1.09 AC
- Property size (Sq ft)
- 11,620 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 19-A-092-0-00-026-0
- APU
- 19A0920000260
Description
This exceptional retail storefront opportunity is located within the Lakeside Center Annex in Mentor-on-the-Lake, Ohio, at 5961 Andrews Rd, zip code 44060. The property is situated in Lake County and offers a single-tenant occupancy within a larger building. The total building size is an impressive 11,000 square feet, with 1,280 square feet currently available for lease. This space presents a unique chance for a business seeking a well-located, established storefront. The property's address is easily accessible and benefits from high visibility. The space is currently configured as a salon, offering a potential turnkey solution for a similar business, though it can be adapted to suit a variety of retail uses. The available space measures 1,280 square feet, providing ample room for operations and inventory. This is an ideal location for businesses seeking a strong presence in a thriving community. The property's location in Mentor-on-the-Lake offers access to a robust customer base and excellent local amenities. Interested parties are encouraged to inquire about lease terms and conditions. This is a rare opportunity to secure a well-positioned retail space in a desirable location. Don't miss out on this chance to establish or expand your business in a vibrant community.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,072,942
- 6.5%
- $2,836,562
- 7%
- $2,633,951
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,739,076
- Geo Method
- $2,739,076
-
Alternative Use
- Use
- Valuation
- Residential
- $2,392,746
- Hospitality
- $2,191,743
- Educational
- $1,823,504
- Medical
- $1,886,218
- Retail
- $2,836,562
Location Insight
- City
- Mentor On The Lake
- County
- Lake
- State
- Ohio
- Latitude
- 41.7089
- Longitude
- -81.3607
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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