7289 Mentor AveMentor, OH 44060

Property Details for 7289 Mentor Ave

Year built

1988

Lot size

19.07 AC

Property size (Sq ft)

56,867 SF

Zone code

B-2

Property type

Retail properties

Property subtype

Super regional malls

APN

16-B-029-0-00-014-0

APU

16B0290000140

Description

Points East, located at 7289 Mentor Ave, Mentor, OH 44060, presents a compelling investment opportunity in a thriving retail environment. This 185,102 square foot power center, situated in Lake County, boasts a prime location at the northwest corner of Reynolds Road (OH-306) and Mentor Avenue (US Route 20), providing exceptional visibility and accessibility. The center benefits from its proximity to the Great Lakes Mall trade area and direct access to Interstate 90 and OH-2, ensuring high traffic volume. Currently anchored by prominent national retailers including Marc's, Old Navy, Marshalls, DSW, Pet Supplies Plus, and The Tile Shop, Points East offers a diverse tenant mix catering to a broad customer base. The property features a new digital reader board on the pylon sign, enhancing tenant visibility. Several spaces are currently available, including restaurant spaces with patio options ranging from 5,243 square feet to 4,928 square feet, as well as smaller spaces of 4,080 square feet, 1,792 square feet, and 770 square feet. This property is ideal for businesses seeking high visibility and strong foot traffic in a well-established retail center serving the residents of Lake County. The multiple tenancy structure provides a diverse and stable income stream. This is a rare opportunity to secure a space within a successful and strategically located retail center.

• CAP approach

  CAP return

  Valuation

  6%

  $15,038,642

  6.5%

  $13,881,823

  7%

  $12,890,265

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,404,735

  Geo Method

  $13,404,735

• Alternative Use

  Use

  Valuation

  Residential

  $11,709,837

  Hospitality

  $10,726,148

  Educational

  $8,924,029

  Medical

  $9,230,940

  Retail

  $13,881,823

Location Insight

City

Mentor

County

Lake

State

Ohio

Latitude

41.6528

Longitude

-81.3796

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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