1701 Mentor AvePainesville, OH 44077

  • Office properties
  • 8,718 SF
For Lease

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,568,368
    6.5%
    $1,447,724
    7%
    $1,344,315
  • Comparable approach

    Method
    Valuation
    Relative Method
    $815,482
    Geo Method
    $815,482
  • Alternative Use

    Use
    Valuation
    Residential
    $1,795,178
    Hospitality
    $1,644,373
    Educational
    $1,368,099
    Medical
    $1,415,150
    Retail
    $2,128,154
1701 Mentor Ave, Painesville, Ohio

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,810
$70,440
$62,690
$133,130
-
$201,250
$179,120
$380,370

FAQs

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