8537 Mentor AveMentor, OH 44060

For Sale
$795,000

Prime Mentor location, high traffic, strong income.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property, located at 8537 Mentor Ave in Mentor, Ohio, presents a compelling investment opportunity. The 7,552 square foot building, situated on a 0.354-acre lot, boasts a prime corner location with high traffic counts exceeding 20,000 vehicles daily. The property comprises two buildings, each two stories, totaling 7,552 net rentable square feet. A complete building remodel and new HVAC system were installed in 2023. Currently, the property is 75% occupied with a net lease in place, expiring September 30, 2029, offering a remaining lease term of five years. The property includes ample parking with up to 50 spaces and a former ATM building. Built in 1924, this Class A property is zoned for commercial use and offers diverse potential uses, including a church, bank, or boutique—its current tenant. The asking price is $795,000, with a cap rate of 0.03%. The property's APN is 16-B-046-0-00-018-0 and 16-B-046-0-00-019-0. This is a rare opportunity to acquire a well-maintained, high-traffic commercial property in a thriving Ohio location.

Highlights

  • 7,552 SF mixed-use building on a 0.354-acre lot in Mentor, OH.
  • Prime corner location with over 20,000 VPD.
  • Completely remodeled in 2023 with new HVAC.
  • 75% occupied with a 5-year remaining net lease (expiring 9/30/2029).
  • Ample parking (up to 50 spaces) and former ATM building included.
  • Asking price: $795,000, Cap Rate: 0.03%.

Property Details for 8537 Mentor Ave

Property type
Other retail properties, Individual retail properties
Square Feet
7,552 SF
Class
A
Year Built/Renovated
1924/2023
Buildings
2
Stories
2
Lot Size (sq. ft)
15,420 SF
Units
2

Location Insight

City
Mentor
County
Lake
State
Ohio
Latitude
41.669045076631
Longitude
-81.334464557915
8537 Mentor Ave, Mentor, Ohio

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8537 Mentor Ave
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