153,000 SF Industrial Building for Sale on 7.8 Acres in Mentor, Ohio--Multi-Tenant Industrial Income Producing Property

8820 East Avenue Mentor, OH 44060

8820 East Avenue, Mentor, OH, 44060
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FOR SALE FOR LEASE
Property Type:
Factory
Amount:
$4,000,000
Last Verified:
Mar 24, 2025

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Highlights


Description

Introducing a prime industrial opportunity at 8820 East Avenue in Mentor, OH. This 153,000 SF property, featuring 10 units, offers a versatile and adaptable space perfect for industrial and manufacturing investors. Renovated in 2020, this M-1 zoned property is equipped for a range of activities, including manufacturing, distribution, and warehousing. With convenient access to SR 2 and I-90, this facility boasts loading docks with dock levelers and is primed for immediate use. Currently at 58% occupancy, this property presents an ideal investment opportunity in the thriving Cleveland area.

$7 per SF (modified gross) for lease. Will subdivide. Move-in ready. Landlord is performing significant upgrades to building including new loading docks and drive-in doors for multiple entry in building, LED lighting, new restrooms, exterior repairs, and roof replacement.

Discover the prime industrial and manufacturing potential of the Mentor, OH area. With its strategic location in the Cleveland market, this vibrant region offers seamless access to major transportation routes, including Interstates 90 and 271, as well as proximity to Cleveland Hopkins International Airport. Nearby, the Holden Arboretum and Mentor Lagoons Nature Preserve provide an ideal escape from the daily bustle, while the Great Lakes Mall and numerous dining options offer convenience and leisure. Investors and tenants seeking an optimal location for industrial and manufacturing operations will find ample opportunities for growth and success in this dynamic and accessible area.


Year Built: 1965
Building Size: 153000sq ft
Lot Size: 7.83 acres


Documents

Sale/Lease Brochure (L)

Units for Lease

8820 East Avenue
Space Available: 153000 SF
Lease Type: Modified Gross

Price Per Sqft/Year: $7.00

Map of 8820 East Avenue, Mentor, OH, 44060

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
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