5543 State Rd Parma, OH 44134-2256
- Retail space
- 904 SF
- 0.15 lot acres
Current Use by Public Records
- AC Meat Shop / Butcher Shop
Property Details for 5543 State Rd
- Year built
- 1968
- Construction
- WOOD
- Lot size
- 0.15 lot acres
- Property size
- 904 SF
- Zone code
- RB
- Property type
- Retail space
- APN
- 444-08-004
- APU
- 44408004
Description
This exceptional Parma, OH retail property, situated on a 0.15-acre lot at 5543 State Road, presents a unique investment opportunity. Priced at $239,000, the property boasts a turnkey setup, ideal for immediate occupancy and operation. The building currently functions as a successful business, offering a history of stability and consistent performance. A significant advantage is the attached residential space, perfect for owner occupancy or leasing to employees, providing additional income potential. This versatile space is well-suited for a variety of uses, including its current configuration as a deli and butcher shop. The existing equipment and infrastructure are in place, minimizing start-up costs and allowing for a seamless transition for a new owner. The convenient location offers easy access to major highways, ensuring high visibility and accessibility for customers. The seller is open to owner financing options with a suitable down payment, making this an attractive proposition for qualified buyers. This property represents a rare blend of commercial and residential space, offering both income generation and the potential for significant return on investment. The attached home provides flexibility and convenience, while the established business history minimizes risk. Don't miss this chance to acquire a thriving business and valuable real estate in a prime location.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $220,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $145,000
- 6.5%
- $135,000
- 7%
- $125,000
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $145,000
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Location Insight
- Map
- Local Demand
- City
- Parma
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.71
- Latitude
- 41.4109
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA