2025 Mentor AvePainesville, OH 44077

Property Details for 2025 Mentor Ave

Year built

1923

Lot size

0.48 AC

Property size (Sq ft)

1,412 SF

Zone code

B1

Property type

Retail properties

Property subtype

Retail space

APN

11-A-014-0-00-031-0

APU

11A0140000310

Description

This exceptional 1,412 square foot retail property, situated on a desirable 0.47-acre lot in Painesville, Ohio, presents a unique investment opportunity. Located on Mentor Avenue, this property boasts high visibility and excellent access to a substantial customer base. Currently configured as a vacuum sales and repair shop, the building's adaptable layout offers immense potential for a variety of commercial uses. Imagine the possibilities of establishing a thriving small business in this prime location. The half-acre lot provides ample space for expansion, outdoor seating, or additional parking, catering to the needs of a growing enterprise. The property's strategic location on Mentor Avenue ensures significant foot traffic and easy accessibility for customers. This is a rare chance to acquire a well-positioned commercial property in a vibrant area, ready for immediate occupancy or redevelopment to suit your specific business needs. The asking price of $250,000 represents an attractive investment opportunity in a thriving market. Don't miss this chance to secure your future in a prime Painesville location. The property is being sold as-is.

• CAP approach

  CAP return

  Valuation

  6%

  $373,407

  6.5%

  $344,684

  7%

  $320,064

• Comparable approach

  Method

  Valuation

  Relative Method

  $332,838

  Geo Method

  $332,838

• Alternative Use

  Use

  Valuation

  Residential

  $290,754

  Hospitality

  $266,329

  Educational

  $221,582

  Medical

  $229,203

  Retail

  $344,684

Location Insight

City

Painesville

County

Lake

State

Ohio

Latitude

41.6891

Longitude

-81.2881

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].