7652 Mentor AveMentor, OH 44060

Property Details for 7652 Mentor Ave

Year built

1982

Construction

WOOD

Lot size

0.37 AC

Property size (Sq ft)

1,744 SF

Zone code

B-2

Property type

Retail properties

Property subtype

Drive through restaurants

APN

16-A-002-C-00-038-0

APU

16A002C000380

Description

This exceptional 1,788 square foot Class A freestanding retail building is ideally situated on Mentor Avenue, boasting over 17,000 vehicles per day. The property features a convenient drive-thru, perfect for a variety of fast-casual or quick-service restaurant concepts. The building is currently vacant, offering immediate occupancy for a new tenant. With ample parking for 26 vehicles, customer convenience is ensured. The single-tenant building is part of a vibrant commercial area, adjacent to the prominent Great Lakes Mall. This high-traffic location benefits from the proximity to major retailers including Round1, Dick's Sporting Goods, The Brew Kettle, Outback Steakhouse, and Olive Garden, among others, creating a strong synergy and high visibility for potential businesses. The property's location in Mentor, Ohio (zip code 44060) offers excellent access and visibility to a large customer base. The building's 1,788 square feet of space provides ample room for a variety of retail or restaurant uses. This is a rare opportunity to secure a prime retail space in a thriving commercial area with high traffic counts and strong surrounding businesses. The property is classified as Retail, Land, and Restaurant, and is a single-tenancy building.

• CAP approach

  CAP return

  Valuation

  6%

  $461,206

  6.5%

  $425,728

  7%

  $395,319

• Comparable approach

  Method

  Valuation

  Relative Method

  $411,097

  Geo Method

  $411,097

• Alternative Use

  Use

  Valuation

  Residential

  $359,118

  Hospitality

  $328,950

  Educational

  $273,683

  Medical

  $283,095

  Retail

  $425,728

Location Insight

City

Mentor

County

Lake

State

Ohio

Latitude

41.6582

Longitude

-81.3679

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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