Brick Multi-Tenant Retail Office
2221 Brookpark Road Parma, OH 44134
2221 Brookpark Road, Parma, OH, 44134
$439,000
For Sale
$439,000
SINGLE_FAMILY - Parma, OH
Property Size10,800 SF
Lot Size0.11 Acres
Price / SF$40.65
Days on Market74
Property Features for 2221 Brookpark Road
General Information
- Property type
- Residential
- Property subtype
- Retail
- Rooms
- Basement
- Parking
- 6
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 445-01-036
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 1 BRKVW#3 0195 ALL
- Tax Annual Amount
- 3535
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1955
- Floors in Building
- 3
- Number of units
- 2
- Roof type
- Asphalt, Rolled Hot Mop
Listing agency
Keller Williams Citywide
(440) 892-2211
Listed by
James P Matheos · License #2015001911
(440) 847-9033
Added: May 10 Updated: Jul 20 at 10:17PM Checked: Jul 22 at 5:06AM
MLS# 5208415
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Investment Insights
Based on property information with market context.
This all-brick, two-story commercial property is configured with two suites and operates under a triple net (NNN) structure with current occupancy. The main floor includes a tenant space described as a tobacco and vape retail use on a 5-year lease, with the tenant utilizing the space for warehousing only. The second floor is occupied by a commercial photography/digital imaging company with a lease that has 2 years remaining. A basement level provides open storage space (3,500+ sq. ft.) and is accessed by the main floor unit.
The property includes six off-street parking spaces at the front. Reported gross annual income is $49,200 with $4,400 monthly income, and the listing notes annual property taxes of $3,743 and insurance of $1,734. The listing states that tenants pay for utilities and maintenance, with deposits held in escrow and no delinquencies or back rents. Suite leases each include option periods (5-year and 2-year options respectively).
The property includes six off-street parking spaces at the front. Reported gross annual income is $49,200 with $4,400 monthly income, and the listing notes annual property taxes of $3,743 and insurance of $1,734. The listing states that tenants pay for utilities and maintenance, with deposits held in escrow and no delinquencies or back rents. Suite leases each include option periods (5-year and 2-year options respectively).
Key Highlights
- High CAP Rate: Enjoy a 10.8% CAP, promising a strong return on your investment.
- Fully Occupied with Stable Income: A turnkey investment generating $4,400 monthly / $49,200 annual income with no delinquencies.
- Triple Net (NNN) Leases: Tenants handle all utilities and maintenance, minimizing landlord responsibilities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Two-story all-brick building with two occupied suites, basement open storage access, and six off-street parking spaces.
Where is this nnn property located?
The property is located at 2221 Brookpark Road Parma, OH.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: High CAP Rate: Enjoy a **10.8% CAP**, promising a strong return on your investment.; Fully Occupied with Stable Income: A **turnkey investment** generating $4,400 monthly / $49,200 annual income with no delinquencies.; Triple Net (NNN) Leases: Tenants handle all utilities and maintenance, minimizing landlord responsibilities.
