8537 Mentor AveMentor, OH 44060

For Sale
$795,000

Prime Mentor location, remodeled retail building, strong lease.

Overview

Added:
Feb 3
Days on market:
39
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.

Property Details for 8537 Mentor Ave

Property type
Retail properties, Other retail properties
Square Feet
6,214 SF
Year Built
1924
Lot Size (sq. ft)
54,450 SF

Location Insight

City
Mentor
County
Lake
State
Ohio
Latitude
41.66916
Longitude
-81.33437
8537 Mentor Ave, Mentor, Ohio

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8537 Mentor Ave
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