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 Use||Rental or Investment|
|Zoning||B-2 General Business|
|Cap Rate Percentage||5.77|
|Building Size||10,900 SF|
|Lot Size||1.23 AC|
VALUE - ADD INVESTMENT OPPORTUNITY in well-located multi-tenant property with effective leasing strategies
REDEVELOPMENT of 1.23 acres of commercial land.
OWNER / USER OPPORTUNITY by using existing vacancy for buyer's existing businessProperty 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.|
|Down Payment: $300,000|
|Gross Income: $81,900|
|Loan Payment: $43,557|