$850,000 SALE
Retail
10,900 SF
8558 & 8562 Mentor Ave., 7432 Murray Ave.
Mentor, OH 44060 US Mentor Avenue Investment / Long Term Value Add Opprtunity


Mixed Use Investment / Long Term Value Add Opportunity


•This investment opportunity offers four freestanding buildings on three parcels with a retail/office mix, long term redevelopment opportunity. •Located on Mentor Avenue in Mentor, OH, at the corner of Murray Ave. the property benefits from approximately 22,000 vehicles drive by per day. •Nearby retailers include Meijer's, Walmart, McDonald's, Dairy Queen, CVS, Applebee's Grill, Chipotle, Panda Express, T-Mobile, Huntington Bank, Bob Evans, Staples, Starbucks, Walgreens, Taco Bell, Kohl's, Chick-fil-A, Lowe's Home Improvements, Arby's, Target, Goodwill, Bed Bath & Beyond, Great Lakes Mall and many more.


Property Type Retail
Property Use Rental or Investment
Building Class B
Zoning B-2 General Business
Cap Rate Percentage 5.77
Listing ID 24P277
MLS ID 388469
Style Other Style
Building Size 10,900 SF
Lot Size 1.23 AC

Property Highlights

OWNER / USER OPPORTUNITY by using existing vacancy for buyer's existing business

VALUE - ADD INVESTMENT OPPORTUNITY in well-located multi-tenant property with effective leasing strategies

REDEVELOPMENT of 1.23 acres of commercial land.

Property Features
Location: •Mentor is located in the eastern suburbs, approximately 20 miles east of downtown Cleveland. •Surrounding the city are multiple national and international corporations, business and schools employing thousands of workers daily. Some of these include Parker-Hannifin Corporation, Avery Dennison Corporation, Lincoln Electric Holdings, Inc., Lake Health System, Inc., FirstEnergy Corp., STERIS Corporation, and The Lubrizol Corporation. •This location provides easy access to local shopping, dining, medical facilities and schools. •Just minutes from I-90 and SR 2, this corner location also offers easy access to the entire Cleveland Metropolitan Area.
Financials
Down Payment: $300,000
Gross Income: $81,900
Expenses: $32,884
Loan Payment: $43,557
Additional Media Area Demographics