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    OFF-MARKET
    Neighborhood centers

    6901 Ridge Rd, Parma, OH 44129

    6,300 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 6,300-square-foot retail space in Parma, Ohio, presents a unique investment opportunity. Located at 6901 Ridge Road, 44129, this strip center boasts a highly visible location directly across from major retailers Target and Kohl's. The property benefits from its proximity to the newly renovated Shoppes at Parma, a 992,000-square-foot shopping center, solidifying its position within one of Northeast Ohio's largest retail clusters. Currently, the entire 6,300 square feet is available for lease. The site enjoys exceptional daily traffic, with over 25,392 vehicles passing on Ridge Road. This translates to significant exposure for businesses. Furthermore, the property is situated in a densely populated area, with over 243,000 residents within a 5-mile radius, exhibiting average household incomes exceeding $74,000. This strong demographic profile ensures a robust customer base. For qualified tenants, build-to-suit options or ground leases are available, providing flexibility to tailor the space to specific business needs. The property's adjacency to a Panda Express further enhances its appeal and visibility. This is a rare opportunity to establish a presence in a thriving retail corridor with exceptional visibility and access to a substantial consumer market.

    Property profile
    Verified
    Property type Neighborhood centers
    Total area 6,300 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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