5753 Ridge Rd Parma, OH 44129
- Warehouses
- 6,500 SF
- 0.17 lot acres
Current Use by Public Records
- Warehouses
Property Details for 5753 Ridge Rd
- Year built
- 1948
- Construction
- WOOD
- Lot size
- 0.17 lot acres
- Property size
- 6,500 SF
- Zone code
- RB
- Property type
- Warehouses
- APN
- 443-06-007
- APU
- 44306007
Description
This exceptional investment opportunity presents a rare chance to acquire a nine-unit mixed-use building located at 5753 Ridge Road in Parma, Ohio. Situated on a 0.17-acre lot, this property offers significant income potential and unique features. The building's mixed-use zoning allows for a diverse tenant base, contributing to a robust rental income stream. A key advantage is the inclusion of a city-approved art installation/advertising billboard, providing an additional revenue stream. Detailed financial information, including a rent roll and a comprehensive analysis of the building's investment potential, is available upon request. A video tour showcasing the property's features is also accessible. The mechanical systems of the building are well-maintained and information regarding their specifics is readily available. This property is ideal for both local and out-of-state investors seeking a strong, diversified investment in a thriving community. Please note that this is a tenant-occupied building, and tenant privacy should be respected. Serious inquiries only. The asking price for this remarkable investment property is $1,499,900. Don't miss this chance to own a piece of Parma's vibrant commercial landscape.
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
- -81.7341
- Latitude
- 41.406
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
