Property summary
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 profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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