5961 Andrews RdMentor-on-the-Lake, OH 44060

Property Details for 5961 Andrews Rd

Year built

2000

Lot size

1.09 AC

Property size (Sq ft)

11,620 SF

Property type

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.

• 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

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