6505 Pearl RdParma Heights, OH 44130

  • Industrial properties
  • 1,248 SF
For Sale
$390,000 View listing

Property Details for 6505 Pearl Rd

Year built
1990
Construction
TYPE NOT SPECIFIED
Lot size
0.29 AC
Property size (Sq ft)
1,248 SF
Zone code
C
Property type
Industrial properties
Property subtype
Other warehouses
APN
472-22-005
APU
47222005

Description

This established drive-thru beverage store in Parma Heights, Ohio, presents a compelling investment opportunity. Located on a high-traffic street (6505 Pearl Rd, 44130) with over 15,000 vehicles passing daily, this business boasts a strong location in a high-income area (median household income $85,394). The sale includes both the building and the business, offering approximately $35,000 in inventory and a C1 and D1 liquor license, including a Sunday liquor license. The property, built in 1990, features a newer roof, a 2021 asphalt update, and a full security system. Recent improvements include HVAC inspection and upgrades to the electrical system, hot water tanks, and roof. A second garage bay and a large underutilized basement offer significant value-add potential. Currently closed before noon on weekdays and all day Sunday, expanding hours could dramatically increase revenue. Phase 1 and 2 environmental reports are available. This turnkey operation presents a rare chance to capitalize on a high-demand location with potential for substantial growth, particularly given the proximity to the new Browns stadium in Brook Park. The asking price is $390,000 plus inventory.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $256,983
    Hospitality
    $235,395
    Educational
    $195,846
    Medical
    $202,582
    Retail
    $304,650
6505 Pearl Rd, Parma Heights, Ohio

Location Insight

City
Parma Heights
County
Cuyahoga
State
Ohio
Latitude
41.3842
Longitude
-81.7726
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,571
$23,940
$16,240
$40,180
-
$68,400
$46,400
$114,800

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