8310 Tyler BlvdMentor, OH 44060

Property Details for 8310 Tyler Blvd

Year built

1998

Lot size

2.65 AC

Property size (Sq ft)

31,080 SF

Property type

Retail properties

Property subtype

Retail space

APN

16-B-039-C-00-037-0

APU

16B039C000370

Description

This exceptional commercial property, located at 8310-8358 Tyler Boulevard in Mentor, Ohio, presents a compelling investment opportunity. The property encompasses a total of 31,080 square feet across a single, two-story building constructed in 1998. Currently classified as a Class B property, it offers a blend of traditional and executive office spaces, along with retail components, making it suitable for a diverse range of businesses. The building sits on a sizable 2.65 acres of land, providing ample parking and potential for future expansion. The property is zoned B-2, allowing for flexibility in its usage. Currently, there are 2,258 square feet of vacant space available, with individual suites ranging from 200 to 6,620 square feet, catering to various business needs. The property's multiple tenancy structure offers a strong potential for rental income diversification. Its convenient location in Mentor, Ohio (zip code 44060), within Lake County, ensures easy access to major transportation routes and a thriving local market. The property's APN is 16-B-039-C-00-037. This is an excellent opportunity to acquire a well-situated commercial property with significant potential for growth and return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $8,219,196

  6.5%

  $7,586,950

  7%

  $7,045,025

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,326,202

  Geo Method

  $7,326,202

• Alternative Use

  Use

  Valuation

  Residential

  $6,399,876

  Hospitality

  $5,862,252

  Educational

  $4,877,325

  Medical

  $5,045,064

  Retail

  $7,586,950

Location Insight

City

Mentor

County

Lake

State

Ohio

Latitude

41.6824

Longitude

-81.3426

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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