5967 Andrews RdMentor-on-the-Lake, OH 44060

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 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.

• 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

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