1701 Mentor AvePainesville, OH 44077

Property Details for 1701 Mentor Ave

Year built

1960

Lot size

0.76 AC

Property size (Sq ft)

8,718 SF

Zone code

R1

Property type

Office buildings

APN

11-A-015-L-00-017-0

APU

11A015L000170

Description

This exceptional executive office space, located at 1701 Mentor Avenue in Lake County, offers a prime opportunity for businesses seeking a prestigious address. The property boasts a total of 1,630 square feet, currently entirely vacant and available for lease. Flexible lease terms are available for spaces ranging from a minimum of 500 square feet to a maximum contiguous space of 1,130 square feet, making it ideal for a variety of business sizes and needs. The building is situated in a desirable office park setting, providing a professional and attractive environment for your company. Benefit from excellent street signage visibility, ensuring your business is easily noticed by potential clients and customers. Ample parking is available for employees and visitors, adding to the convenience and appeal of this location. The property enjoys a high traffic count exceeding 15,000 vehicles daily, guaranteeing significant exposure. Its advantageous township location eliminates city income tax, offering significant financial benefits. Furthermore, its strategic location provides quick access to Route 44, State Route 2, and Interstate 90, ensuring easy commutes for employees and clients alike. This is a rare opportunity to secure high-quality office space in a highly desirable and accessible location. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,777,480

  6.5%

  $1,640,750

  7%

  $1,523,560

• Comparable approach

  Method

  Valuation

  Relative Method

  $815,482

  Geo Method

  $815,482

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,645,870

  Retail / Commercial

  $1,788,230

  Mixed-Use / Specialty

  $1,717,740

  Hospitality / Lodging

  $1,176,780

  Institutional / Educational

  $1,762,840

  Residential Income

  $2,062,520

  Multifamily

  $2,829,110

  Automotive / Energy

  $1,511,010

  Parking / Income-Based Land

  $584,773

  Restaurant / Food Service

  $756,578

  Healthcare / Senior Housing

  $1,827,250

Location Insight

City

Painesville

County

Lake

State

Ohio

Latitude

41.696

Longitude

-81.2806

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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