5522 Pearl Rd Cleveland, OH 44129
- Warehouses
- 2,707 SF
- 0.29 lot acres
Current Use by Public Records
- MeowSold Marketplace & Auctions www.meowsold.com / Auction House / Discount Store
- Magura Properties LLC / Real Estate Agency / Contractor
Property Details for 5522 Pearl Rd
- Year built
- 1959
- Construction
- WOOD
- Lot size
- 0.29 lot acres
- Property size
- 2,707 SF
- Zone code
- RB
- Property type
- Warehouses
- APN
- 442-20-050
- APU
- 44220050
Description
This vacant 2,707 square foot Class B shopping center in Parma, Ohio, presents a unique investment opportunity. Located at 5522 Pearl Rd, 44129, this single-tenant, net-lease property boasts a prime location with high traffic counts and 30 paved parking spaces. Previously occupied by a diverse mix of tenants including Taco Bell, Wendy's, Walmart, DaVita, Chase Bank, and Dairy Queen, the property offers significant potential for redevelopment or lease to a new tenant. The lease expired July 1, 2024, and the property has been vacant since February 1, 2019. Situated in a bustling suburban area on the Cleveland border, this property benefits from a strong sense of community and diverse population. The land value is priced between $350 and $761 per square foot. The property's free-standing design and ample parking make it highly attractive for a variety of retail uses. This location offers easy access to residential neighborhoods, commercial establishments, and community amenities, ensuring consistent foot traffic and visibility. The property's 100% ownership provides complete control and flexibility for the new owner. Consider this exceptional opportunity to acquire a strategically located retail property in a thriving Ohio community.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Parma
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.7371
- Latitude
- 41.4114
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
