7547 Mentor AveMentor, OH 44060

Property Details for 7547 Mentor Ave

Year built

1965

Lot size

0.66 AC

Property size (Sq ft)

22,680 SF

Zone code

B-2

Property type

Retail properties

Property subtype

Strip malls

APN

16-B-031-A-00-019-0

APU

16B031A000190

Description

Colonial Plaza Offices, located at 7547 Mentor Ave, Mentor, OH 44060 in Lake County, offers a diverse range of office spaces perfect for businesses of all sizes. This multi-tenant property features a traditional office layout within a convenient strip mall setting. Ten individual office spaces are currently available, ranging in size from a minimum of 150 square feet to a maximum contiguous space of 1,320 square feet. The flexible space options cater to a variety of business needs, from small startups requiring minimal space to larger companies needing more substantial office areas. The property's location on Mentor Ave provides excellent visibility and accessibility, making it an ideal location for businesses seeking a prominent presence in the Mentor community. The building's traditional office design offers a professional and functional workspace, suitable for a wide range of industries. Interested parties are encouraged to inquire about available space and lease terms. The property is classified as both Office and Retail, reflecting its versatile nature and potential for various business applications.

• CAP approach

  CAP return

  Valuation

  6%

  $5,997,792

  6.5%

  $5,536,423

  7%

  $5,140,964

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,346,148

  Geo Method

  $5,346,148

• Alternative Use

  Use

  Valuation

  Residential

  $4,670,180

  Hospitality

  $4,277,860

  Educational

  $3,559,129

  Medical

  $3,681,533

  Retail

  $5,536,423

Location Insight

City

Mentor

County

Lake

State

Ohio

Latitude

41.6569

Longitude

-81.3718

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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