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    7671 Ridgewood Dr Parma, OH 44129

    For Lease
    $18 SF/Yr

    High-traffic retail spaces available. Prime NE Ohio location.

    Lot size:
    756,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    The Shoppes at Parma offers exceptional retail opportunities within a thriving 756,000 square foot power center. This Class A property boasts multiple tenancy options, ranging from a minimum of 761 square feet to a maximum contiguous space of 7,792 square feet, with a total of 62 suites. Currently, 34,635 square feet are available. Located at the intersection of Ridge Road & Day Drive, this dominant retail destination benefits from its strategic location in a densely populated, super-regional trade area. The property recently completed a $100 million redevelopment, transforming it from a former mall into a modern, mixed-use power center. Major anchors include Walmart, Dick's Sporting Goods, Burlington, Marc's, Fitworks, Old Navy, and Ulta, ensuring high foot traffic and brand synergy. According to a 2022 Placer.ai study, The Shoppes at Parma ranks as the #1 most visited power center within a 15-mile radius, the #6 most visited shopping center in Ohio (99th percentile), and 521 out of 32,367 ranked shopping centers nationwide (98th percentile). Development opportunities exist for large land sites/pads on Day Drive. This is an unparalleled chance to secure retail space in one of Northeast Ohio's premier shopping destinations.

    Property Features for 7671 Ridgewood Dr

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    756,000 SF
    Class
    A
    Total Rate
    1134000

    Unit(s) available at that property

    Space
    Day Drive Pads
    Size
    217,800 SF
    Space
    910 SF Inline Retail
    Size
    910 SF
    Space
    6,949 SF Retail Space
    Size
    6,949 SF
    Space
    4,528 SF Inline Space
    Size
    7,800 SF
    Rate per SF
    $23
    Space
    5,400 SF Turnkey Former Restaurant
    Size
    5,400 SF
    Space
    1,256 - 2,017 SF Inline Retail
    Size
    2,017 SF
    Rate per SF
    $25
    Space
    7,792 SF Endcap
    Size
    7,792 SF
    Space
    4,590 SF Endcap
    Size
    4,590 SF
    Rate per SF
    $18
    Space
    2,449 SF Former Restaurant
    Size
    2,449 SF
    Space
    761 - 2,017 SF Inline Retail
    Size
    2,017 SF
    Rate per SF
    $25

    HighLights

    • 756,000 SF Class A power center with multiple retail spaces available.
    • Anchored by Walmart, Dick's Sporting Goods, Burlington, Marc's, Fitworks, Old Navy, Ulta, and more.
    • Recently completed a $100M redevelopment.
    • Offers inline and endcap spaces ranging from 761 to 7,792 contiguous SF; 34,635 SF currently vacant.
    • Located at Ridge Road & Day Drive in Parma, OH, a high‑density trade area with significant development potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Best Wok Chinese ... Chinese Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Parma
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7378274
    Latitude
    41.3834307

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    FAQs

    What type of property is this?
    Restaurant - High-traffic retail spaces available. Prime NE Ohio location.
    Where is this restaurant located?
    The property is located at 7671 Ridgewood Dr Parma, OH.
    What is the lease rate?
    The lease rate is $0.00-$25 SF/Yr.
    What are key features of this property?
    This property features: 756,000 SF Class A power center with multiple retail spaces available.; Anchored by Walmart, Dick's Sporting Goods, Burlington, Marc's, Fitworks, Old Navy, Ulta, and more.; Recently completed a $100M redevelopment.
    Request Owner's contact information
    7671 Ridgewood Dr Parma, OH 44129
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    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
    7671 Ridgewood Dr Parma, OH 44129
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