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    6338 Broadview Rd Parma, OH 44134

    Sponsored
    For Sale
    $795,000

    2.16 AC, High-Traffic Intersection

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.16-acre development site in Parma, Ohio, presents a unique investment opportunity. Located at the signalized intersection of Ridgewood and Broadview Roads, this property boasts a combined 26,000 vehicles per day. Zoned for office buildings, it offers flexibility for various uses, including bank, convenience store, or quick-service restaurant development. The asking price is $795,000, representing a significant price reduction. The site measures approximately 280' x 352' and enjoys a park-like setting, abutting the Cleveland Metroparks. Its strategic location near the 750,000 square foot Shoppes at Parma power center, anchored by major retailers like Walmart, Dick's Sporting Goods, Burlington, and more, ensures high visibility and strong consumer traffic. This property is ideal for ground lease, build-to-suit, or outright purchase, making it an attractive proposition for developers seeking a prime location with exceptional potential. The address is 6338 Broadview Rd, Parma, OH 44134, in Cuyahoga County.

    Property Features for 6338 Broadview Rd

    General Information

    Property type
    Restaurants
    Lot Size
    94,090 SF

    HighLights

    • 2.16‑acre commercial lot available for sale, ground lease, or build‑to‑suit at Ridgewood and Broadview intersection.
    • Reduced price: $795,000.
    • Office zoning.
    • Lot dimensions: 280' x 352'.
    • High traffic intersection with 26,000 vehicles per day.
    • Adjacent to Shoppes at Parma power center (Walmart, Dick's Sporting Goods, etc.).
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -81.686117907424
    Latitude
    41.392050204217

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    FAQs

    What type of property is this?
    Restaurant - 2.16 AC, High-Traffic Intersection
    Where is this restaurant located?
    The property is located at 6338 Broadview Rd Parma, OH.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: 2.16-acre commercial lot available for sale, ground lease, or build-to-suit at Ridgewood and Broadview intersection.; Reduced price: $795,000.; Office zoning.
    Request Owner's contact information
    6338 Broadview Rd Parma, OH 44134
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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
    6338 Broadview Rd Parma, OH 44134
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