1640 Mentor AvePainesville, OH 44077

Property Details for 1640 Mentor Ave

Year built

1958

Lot size

0.34 AC

Property size (Sq ft)

3,154 SF

Zone code

B3

Property type

Turn key restaurants

APN

11-A-016-H-00-003-0

APU

11A016H000030

Description

This exceptional 1,340 square foot retail space is ideally located at 1640 Mentor Avenue in Painesville, Ohio, within Lake County (zip code 44077). The property offers a single-tenant occupancy and is situated in a high-traffic area, directly across from a Marc's Supermarket, Tractor Supply Co., Dollar Tree, Aaron's, and a Starbucks. This ensures excellent visibility and accessibility for potential businesses. The space benefits from its position as an endcap unit, providing enhanced exposure. A strong existing tenant, Master Pizza, recently renewed their lease, demonstrating the location's appeal and stability. The property is conveniently located just half a mile west of the Lake County Fairgrounds on Mentor Avenue (Route 20), and within minutes of Lake Erie College, guaranteeing a consistent flow of potential customers. The surrounding area boasts a diverse range of established retailers, including Giant Eagle Supermarket, Planet Fitness, Pets Supplies Plus, Save-A-Lot, and AutoZone, further solidifying the area's commercial viability. This prime retail space presents a unique opportunity for businesses seeking high visibility and a strong customer base in a thriving commercial district. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $834,084

  6.5%

  $769,924

  7%

  $714,930

• Comparable approach

  Method

  Valuation

  Relative Method

  $743,463

  Geo Method

  $743,463

• Alternative Use

  Use

  Valuation

  Residential

  $649,460

  Hospitality

  $594,902

  Educational

  $494,951

  Medical

  $511,973

  Retail

  $769,924

Location Insight

City

Painesville

County

Lake

State

Ohio

Latitude

41.6978

Longitude

-81.2798

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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