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7285 Center St

2,496 SF 100% Leased Office Building Mentor, OH 44060 £311,576 (£125/SF)

Investment Highlights

  • Plenty of parking and easily accessible from highway.

Executive Summary

PRIME LOCATION. TWO BUILDINGS AND INCOME SOURCES FOR THE PRICE OF ONE. Multi Use property with endless possibilities. Business side has been used for spa/medical services but can easily be used for office spaces, bridal shop, nail salon, tattoo shop and much much more. Two spaces are already rented to month to month tenants and the second building on the lot is a three bedroom residential home which is occupied with a long-term tenant for instant cash flow to this investment opportunity. Plenty of parking and easy access from the highway. This opportunity is priced to sell. Buyer to do due diligence on approved uses.

Property Facts

Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,496 SF
Building Class
C
Year Built
1910
Price
£311,576
Price Per SF
£125
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
2,496 SF
Building FAR
0.13
Land Acres
0.44 AC

Amenities

  • Kitchen
  • Central Heating
  • Air Conditioning

About 7285 Center St , Mentor, OH 44060

Amazing opportunity for a mixed-use commercial property in a prime location in Mentor! This versatile property includes two buildings, presenting a perfect chance to live in one and run a business in the other, or capitalize on dual income streams. Alternatively, the 0.4371 acre lot could be cleared to make room for a much larger business! The front building is currently setup as a business, while the residential home located on Nowlen Street has been rented for many years. Situated in a high-traffic area, this property offers an ideal business location, ample parking for customers, and convenience for residential tenants. Do not miss out on this unique opportunity!

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16-B-045-0-00-013
Land Assessment
£49,952
Improvements Assessment
£38,740
Total Assessment
£88,691
  • Listing ID: 33367240

  • Date on Market: 03/07/2024

  • Last Updated:

  • Address: 7285 Center St, Mentor, OH 44060

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