5967 Andrews RdMentor-on-the-Lake, OH 44060
- Retail properties
- 21,000 SF
Property Details for 5967 Andrews Rd
- Year built
- 2002
- Construction
- WOOD
- Lot size
- 3.61 AC
- Property size (Sq ft)
- 21,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 19-A-092-0-00-028-0
- APU
- 19A0920000280
Description
This exceptional retail space, located on the bustling Kaliste Saloom Road in Lafayette Parish, Louisiana, presents a fantastic opportunity for businesses seeking high visibility and foot traffic. Part of the Gate of Orleans complex, this Class B property offers a single available storefront suite measuring 1,835 square feet. The building is a single-story structure with a total of three suites, providing a manageable and community-oriented environment. The vacant space boasts a modern layout, ideal for a variety of retail or service-based businesses. Its prominent location amongst popular restaurants ensures high visibility and convenient access for both pedestrians and drivers. The suite is move-in ready, eliminating the need for extensive renovations and allowing for a quick start to operations. This is an excellent chance to establish or expand a business in a thriving commercial area with significant potential for growth. The total building size is not specified, but there are 3,732 square feet currently vacant. This prime retail location offers an unparalleled opportunity to capitalize on the high traffic volume and strong local economy. The suite's storefront entrance is designed to maximize customer visibility and accessibility. Don't miss this chance to secure a space in a vibrant and successful commercial center.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $5,553,510
- 6.5%
- $5,126,318
- 7%
- $4,760,152
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,950,137
- Geo Method
- $4,950,137
-
Alternative Use
- Use
- Valuation
- Residential
- $4,324,240
- Hospitality
- $3,960,981
- Educational
- $3,295,490
- Medical
- $3,408,827
- Retail
- $5,126,318
Location Insight
- City
- Mentor On The Lake
- County
- Lake
- State
- Ohio
- Latitude
- 41.7087
- Longitude
- -81.3595
- 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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