Map of Property

7585-7061 Mentor Avenue

For Sale

7585-7061 Mentor Avenue, Mentor, OH 44060

This Mentor property for sale is located at 7585-7061 Mentor Avenue. The current listed sale price for 7585-7061 Mentor Avenue is $21,408. 7585-7061 Mentor Avenue is situated on a lot that is 21,408 acre in size.

Contacts

broker
Kyle Hartung

Goodman Real Estate Services Group

Property Details

  • Property Type Retail
  • Property Size 21,408 SF
  • Lot Size 21,408 Acre
  • Additional Rent Contact for pricing
  • Date Updated Nov 19, 2024
  • Visibility/Traffic Count (VPD) 21,408

For sale to qualified investors is a regional strip center opportunity offering an immediate 16.31% upside opportunity through lease-up of vacant space. The Avenue Shoppes is located on heavily trafficked Mentor Avenue (21,408 vehicles per day) and is situated in the center of one of the Cleveland’s main regional retail trade areas. The 27,547 square foot strip center features anchor-type facades that provide tenants with major street presence facing Mentor Avenue. The current tenant mix includes restaurant, fitness, hard goods and service, which combined with the regional nature of the property, allows the asset to cater to a geographically diverse clientele. This offering comes with vacant spaces of 2,343 and 2,150 square feet, offering the investor with immediate upside opportunity rarely seen in the market today. The property is being offered at a 7% cap rate on in-place income only, allowing the investor to capture 100% of the upside post-sale. The property is surrounded by national retailers including Dicks Sporting Goods, Best Buy, TJ Maxx, At Home, DSW, Five Below, Aldi, Michael’s, Starbucks, Panera, Chipotle, and many, many more

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Getting around

  • 55/100

    Walk Score ®

  • 43/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Mentor, OH
  • Zip Code 44060
  • Market Cleveland Akron

Points of Interest

  • Lake Shore Live Steamers

    3.71 miles

  • Sheetz

    0.37 miles

  • Speedway

    0.41 miles

  • Shell

    0.45 miles

  • GetGo

    0.45 miles

  • BP

    1.02 miles

  • Leviton

    2.23 miles

  • Marathon

    2.40 miles

  • Sunoco

    2.41 miles

  • Tesla Destination Charger

    9.03 miles

  • ChargePoint

    9.03 miles

  • P6

    1.26 miles

  • P10

    1.26 miles

  • P5

    1.28 miles

  • P9

    1.28 miles

  • P8

    1.30 miles

  • P2

    1.32 miles

  • P12

    1.32 miles

  • P4

    1.35 miles

  • P16

    1.36 miles

  • P3

    1.37 miles

  • Popeyes

    0.12 miles

  • Subway

    0.13 miles

  • Empower Nutrition

    0.18 miles

  • Tommy's Old Fashioned Subs

    0.20 miles

  • Jade Tree Chinese Cuisine

    0.21 miles

  • Arby's

    0.22 miles

  • Denny's

    0.25 miles

  • Bakers Square

    0.27 miles

  • TJ’s on the Avenue

    0.27 miles

  • Outback Steakhouse

    0.33 miles

  • Burlington

    0.19 miles

  • Dillard's

    0.37 miles

  • The Olive & The Grape

    0.43 miles

  • Great Lakes Mall

    0.46 miles

  • Marc's

    0.51 miles

  • JCPenney

    0.52 miles

  • Marshalls

    0.57 miles

  • Ross

    0.66 miles

  • ALDI

    0.66 miles

  • TJ Maxx

    0.69 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Kyle Hartung

Goodman Real Estate Services Group