8537 Mentor AveMentor, OH 44060

  • Retail properties
  • 7,062 SF
For Sale
$795,000 View listing

Property Details for 8537 Mentor Ave

Year built
1924
Lot size
0.90 AC
Property size (Sq ft)
7,062 SF
Zone code
B-2
Property type
Retail properties
Property subtype
Banks
APN
16-B-046-0-00-019-0
APU
16B0460000190

Description

This exceptional investment opportunity presents a fully remodeled 6,214 square foot retail building situated on a 1.25-acre lot at 8537 Mentor Avenue in Mentor, Ohio. The property underwent a complete renovation in 2023, including a brand-new HVAC system, ensuring modern and efficient operation. Currently occupied by a tenant under a lease extending until September 30, 2029, this provides immediate and consistent cash flow. The property boasts ample parking with 45 spaces available, ensuring convenient access for customers and employees. Adding to its versatility, the property includes a former ATM building, offering potential for expansion or alternative use. The annual city light assessment is a modest $188.37. This turnkey retail center is ideally located in the heart of Mentor, offering excellent visibility and accessibility. The combination of a strong lease, recent renovations, and ample parking makes this a highly attractive investment opportunity with significant potential for long-term growth and return. The property's size and features make it suitable for a variety of retail uses, providing flexibility for future tenants or owners. This is a rare chance to acquire a well-maintained, income-producing retail property in a desirable location.

8537 Mentor Ave, Mentor, Ohio

Location Insight

City
Mentor
County
Lake
State
Ohio
Latitude
41.6692
Longitude
-81.3347
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
$10,209
$122,850
$17,150
$140,000
-
$351,000
$49,000
$400,000

FAQs

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