8518 Mentor AveMentor, OH 44060

Property Details for 8518 Mentor Ave

Year built

2004

Lot size

1.42 AC

Property size (Sq ft)

11,600 SF

Zone code

B-2

Property type

Office buildings

APN

16-A-012-J-00-002-0

APU

16A012J000020

Description

Acacia Plaza, located in Mentor, Ohio's historic district, offers a single-story, Class B office and retail building constructed in 2004. This 1.51-acre property at 8518 Mentor Ave (APN 16A012J000020, Lake County) features a total of 75 parking spaces, catering to the needs of tenants and their clients. The building is zoned B-2, allowing for a variety of commercial uses. Currently, one suite of 1,450 square feet is available for lease. The property is conveniently situated one-third of a mile east of Route 615 on Mentor Avenue, providing excellent accessibility and visibility. The building has a history of housing reputable businesses, including accounting firms, title companies, mortgage brokers, insurance agencies, and solution providers. This presents a unique opportunity to join a well-established commercial community in a desirable location. The property's single-story design and ample parking make it an attractive option for businesses seeking a functional and accessible workspace. Interested parties should inquire about lease terms and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $2,086,839

  6.5%

  $1,926,313

  7%

  $1,788,719

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,085,064

  Geo Method

  $1,085,064

• Alternative Use

  Use

  Valuation

  Residential

  $2,388,628

  Hospitality

  $2,187,970

  Educational

  $1,820,366

  Medical

  $1,882,971

  Retail

  $2,831,680

Location Insight

City

Mentor

County

Lake

State

Ohio

Latitude

41.6671

Longitude

-81.3354

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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