5222 Rdg Rd Parma, OH 44129-1419
- Turn key restaurants
- 1,718 SF
- 0.11 lot acres
Current Use by Public Records
- Parma Office / General Practice Attorney
Property Details for 5222 Rdg Rd
- Year built
- 1967
- Lot size
- 0.11 lot acres
- Property size
- 1,718 SF
- Zone code
- RB
- Property type
- Turn key restaurants
- APN
- 442-17-037
- APU
- 44217037
Description
This exceptional restaurant opportunity is located at 5222 Ridge Road in Parma, Ohio, within Cuyahoga County. The property boasts a single-tenant occupancy in a 1,718 square foot building situated on a 0.11-acre lot. Its convenient location in Parma, Ohio, zip code 44129, offers excellent visibility and accessibility for customers. The property's classification as a restaurant makes it ideal for a variety of culinary concepts, from established brands to independent ventures. The building's size provides ample space for both front-of-house operations and a well-equipped kitchen. The 0.11-acre lot offers potential for outdoor seating or expansion, subject to local zoning regulations. This property presents a compelling investment opportunity for those seeking a well-located, established restaurant space in a thriving community. The address is easily accessible and benefits from existing infrastructure. Serious inquiries are encouraged to explore the potential of this turnkey restaurant property. Further details regarding the property's history, current lease terms, and financial performance are available upon request. This is a rare opportunity to acquire a well-established restaurant in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $130,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $165,000
- 6.5%
- $170,000
- 7%
- $170,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $190,000
- Geo Method
- $195,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $145,000
- Retail
- $170,000
- Mixed-Use
- $155,000
- Hospitality
- $200,000
- Educational
- $200,000
- Residential Income
- $200,000
- Energy
- $175,000
- Income-Based Land
- $195,000
- Food Service
- $150,000
Location Insight
- Map
- Local Demand
- City
- Parma
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.7348
- Latitude
- 41.4179
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA