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    5649 Ridge Rd Parma, OH 44129

    For Sale
    $274,900

    Two Adjacent Commercial Buildings, High Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional investment opportunity presents two adjacent commercial properties in Parma, Ohio, totaling approximately 2683 square feet on a single lot. The properties are situated at 5649 and 5655/5657 Ridge Road, just north of Snow Road, a prime location ideal for retail, mixed-use, or office space. The offering includes two free-standing, all-brick buildings. The building at 5649 Ridge Road comprises approximately 487 square feet, featuring rear parking and a three-car bay garage. The second building, located at 5655 and 5657 Ridge Road, offers approximately 2196 square feet, currently divided into two suites of varying sizes. This larger building also benefits from additional back doors, facilitating potential subdivision into more suites. Both buildings boast newer roofs and three newer furnaces. The properties are being sold "AS IS," presenting a unique chance for buyers to renovate and tailor the space to their specific needs. The combined square footage and strategic location make this a compelling investment prospect with significant upside potential. The properties are offered at $274,900.

    Property Features for 5649 Ridge Rd

    General Information

    Property type
    Mixed-use properties

    Building Details

    Year Built
    1949
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Parma
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.73427
    Latitude
    41.40832

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    FAQs

    What type of property is this?
    Mixed-use property - Two Adjacent Commercial Buildings, High Potential
    Where is this mixed-use property located?
    The property is located at 5649 Ridge Rd Parma, OH.
    What is the asking price?
    The asking price for this property is $274,900.
    (216) 470-8626
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    5649 Ridge Rd Parma, OH 44129
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5649 Ridge Rd Parma, OH 44129
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