8537 Mentor AveMentor, OH 44060
- Retail properties
- 7,062 SF
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.
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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