6505 Pearl RdParma Heights, OH 44130
- Industrial properties
- 1,248 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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