9600 Mentor AveMentor, OH 44060

Property Details for 9600 Mentor Ave

Year built

2002

Construction

WOOD

Lot size

11.73 AC

Property size (Sq ft)

122,256 SF

Zone code

B-2

Property type

Retail properties

Property subtype

Retail space

APN

16-A-027-0-00-021-0

APU

16A0270000210

Description

This exceptional commercial land opportunity presents a rare chance to secure a highly visible outparcel directly in front of a Lowe's store. Located at the southeast corner of Mentor Avenue (SR 20) and Old Johnnycake Ridge Road in Mentor, Ohio, this property benefits from an unparalleled location within a thriving retail environment. Mentor boasts a robust economy, ranking as the sixth largest retail trade area in Ohio, with over 300 retail businesses generating nearly $1.5 billion in annual sales. The site's strategic placement ensures maximum exposure to a substantial daily traffic volume exceeding 26,000 vehicles at the intersection. This high-income area is characterized by a dense population, providing a large and readily accessible customer base. The property is offered as a ground lease only, presenting a flexible and potentially lucrative investment opportunity for developers seeking a prime location within a well-established and high-performing retail corridor. The site's visibility and proximity to a major retailer like Lowe's make it ideal for a variety of commercial uses, offering significant potential for long-term growth and return on investment. This is a truly exceptional opportunity to establish a presence in one of Ohio's most dynamic retail markets. The property is designated as commercial land and is classified as a single-tenancy outparcel within Lake County.

• CAP approach

  CAP return

  Valuation

  6%

  $32,330,952

  6.5%

  $29,843,956

  7%

  $27,712,244

• Comparable approach

  Method

  Valuation

  Relative Method

  $28,818,282

  Geo Method

  $28,818,282

• Alternative Use

  Use

  Valuation

  Residential

  $25,174,492

  Hospitality

  $23,059,700

  Educational

  $19,185,400

  Medical

  $19,845,216

  Retail

  $29,843,956

Location Insight

City

Mentor

County

Lake

State

Ohio

Latitude

41.6825

Longitude

-81.294

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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