Listing Agency: Hanna Commercial Real Estate Cleveland Show Phone

Listed By: Randy Markowitz · License #OH SAL.0000323516

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 11:29AM

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Investment Insights

Based on property information with market context.

The 3.7-acre commercial land parcel at 5120 Pearl Road is divisible and available for either sale or ground lease. Its location offers direct positioning along Pearl Road, where traffic exceeds 34,000 vehicles per day.

The property sits between Parma and Brooklyn in an area that includes a substantial concentration of surrounding businesses and retail uses.

Key Highlights

• 3.7 acres of commercial land
• Divisible parcel available for sale or ground lease
• Over 34,000 VPD on Pearl Road

Property Analytics

Property Profile

Current Use

Athen's Pastries & Imported ... Grocery & Convenience Store Athens Imported Foods Grocery & Convenience Store

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Big Box & Wholesale Store Building Supply Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

715

Businesses Nearby

Explore this area Business Placement

Demographics for 44129, OH

28,803

Population

12,756

Households

2.3

Avg Household Size

40

Median Age

23%

College-Educated

92%

High-School Grad

5.8 sq mi

ZIP Area

4,966

Density / Sq Mi

$67,619

Median Household Income

$39,174

Median Earnings

$1,024

Median Rent

$150,400

Median Home Value

Market

Vacancy Rate% for Retail in Cleveland, OH

5.6% 2019

8.5% 2020

7.2% 2021

6.9% 2022

6.7% 2023

6.9% 2024

7.3% 2025

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Frequently Asked Questions

What type of property is this?

Commercial land - Divisible commercial parcel on Pearl Road with traffic exceeding 34,000 vehicles per day.

Where is this commercial land located?

The property is located at 5120 Pearl Road Cleveland, OH.

What are key features of this property?

This property features: 3.7 acres of commercial land; Divisible parcel available for sale or ground lease; Over 34,000 VPD on Pearl Road