6789 Rdg Rd, Parma, OH 44129-5649
- Medical Office Space
- 35,646 SF
- 1.49 lot acres
Current Use by Public Records
- Medical Office Space
Property Details for 6789 Rdg Rd
- Year built
- 1977
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.49 lot acres
- Zone code
- RB
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 450-03-002
- APU
- 45003002
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 6, 2025 | $1,000,000 | A & I Ohio Properties LLC | Hta Medical Portfolio 4 Parma LLC | Deed | — |
| Sep 25, 2008 | — | G & E Healthcare Reit Medical Po | — | Deed Of Trust · related | $21.4M · Lasalle National Bank |
| Sep 2, 2008 | $4,500,000 | G & E Healthcare Reit Medical Po | Clev-parma Partners | Grant Deed | — |
| Oct 26, 2005 | $2,350,000 | Clev-parma Partners | Parma Day Medical INC | Warranty Deed · related | — |
| Oct 26, 2000 | — | Parma Day Medical INC | — | Deed Of Trust · related | $5M · Bank One NA |
Description
This three-story, 29,832 square foot medical office building in Parma, Ohio, presents a unique investment opportunity. Located at 6789 Ridge Rd, near the intersection of Day Drive, this property offers multiple suites for lease, with a minimum divisible space of 613 square feet and a maximum contiguous space of 3,200 square feet. Eleven suites in total are available within the building, with 8,014 square feet currently vacant. The building is zoned for Business Commercial use and benefits from excellent visibility and signage opportunities. Its strategic location offers convenient access to major roadways, including I-71 and I-480, ensuring easy patient access. The property is ideally situated adjacent to University Hospitals Parma Medical Center and just five miles from University Hospitals Southwest General Hospital, providing a strong patient base and synergistic environment. Across the street lies The Shoppes at Parma, offering additional convenience for patients and staff. The potential for creating a dedicated patient drop-off area further enhances the property's appeal. This property is perfect for a variety of medical practices, including urgent care facilities, optometrists, and other healthcare providers seeking a high-traffic location in the thriving Cleveland South submarket, specifically within the Parma, Seven Hills, and Independence cluster in Cuyahoga County, Ohio, zip code 44129.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,208,000
- AI Estimate
- $2,217,000
Market price range: $2.08M - $5.88MMarket price range: $932k - $4.06M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $3,875,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $3,610,000 Change: -7% Conversion: Difficult
- OFFICE BUILDING
- $3,220,000 Change: -17% Conversion: Easy
- AUTO REPAIR, GARAGE
- $3,170,000 Change: -18% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Parma
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.7338
- Latitude
- 41.3802
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
