9002 Mentor AveMentor, OH 44060

Property Details for 9002 Mentor Ave

Year built

1980

Lot size

1.00 AC

Property size (Sq ft)

6,980 SF

Zone code

B-2

Property type

Healthcare properties

Property subtype

Medical offices

APN

16-A-019-A-00-039-0

APU

16A019A000390

Description

This exceptional Class A medical office building, located at 9002 Mentor Ave in Mentor, Ohio (zip code 44060), presents a unique investment opportunity. The 7,500 square foot single-tenant building sits on a 0.79-acre lot and was constructed in 1980. The property boasts ample parking with 14 spaces, conveniently shared with the adjacent UH Hopkins Mentor Health Care facility. This shared parking arrangement provides easy access for patients and staff. The building's prime location on busy Mentor Avenue ensures high visibility and significant drive-by traffic, maximizing exposure for any medical practice. The entire 7,500 square feet is currently vacant, offering immediate occupancy for a new tenant. Previously occupied by an owner-occupied Medicare-accredited center certified by the Accreditation Commission for Health Care (ACHC), this building is well-suited for a variety of medical uses. The property's excellent condition and strategic location make it an ideal choice for healthcare providers seeking a prominent presence in the Mentor community. The building's single-tenant occupancy simplifies management and provides a stable investment opportunity. This is a rare chance to acquire a well-maintained, highly visible medical office building in a thriving Ohio market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,255,702

  6.5%

  $1,159,109

  7%

  $1,076,316

• Comparable approach

  Method

  Valuation

  Relative Method

  $652,909

  Geo Method

  $652,909

• Alternative Use

  Use

  Valuation

  Residential

  $1,437,295

  Hospitality

  $1,316,555

  Educational

  $1,095,358

  Medical

  $1,133,029

  Retail

  $1,703,890

Location Insight

City

Mentor

County

Lake

State

Ohio

Latitude

41.6745

Longitude

-81.317

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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