5522 Pearl RdParma, OH 44129

Property Details for 5522 Pearl Rd

Year built

1959

Construction

WOOD

Lot size

0.29 AC

Property size (Sq ft)

2,707 SF

Zone code

RB

Property type

Industrial properties

Property subtype

Other warehouses

APN

442-20-050

APU

44220050

Description

This vacant 2,707 square foot Class B shopping center in Parma, Ohio, presents a unique investment opportunity. Located at 5522 Pearl Rd, 44129, this single-tenant, net-lease property boasts a prime location with high traffic counts and 30 paved parking spaces. Previously occupied by a diverse mix of tenants including Taco Bell, Wendy's, Walmart, DaVita, Chase Bank, and Dairy Queen, the property offers significant potential for redevelopment or lease to a new tenant. The lease expired July 1, 2024, and the property has been vacant since February 1, 2019. Situated in a bustling suburban area on the Cleveland border, this property benefits from a strong sense of community and diverse population. The land value is priced between $350 and $761 per square foot. The property's free-standing design and ample parking make it highly attractive for a variety of retail uses. This location offers easy access to residential neighborhoods, commercial establishments, and community amenities, ensuring consistent foot traffic and visibility. The property's 100% ownership provides complete control and flexibility for the new owner. Consider this exceptional opportunity to acquire a strategically located retail property in a thriving Ohio community.

• Alternative Use

  Use

  Valuation

  Residential

  $557,415

  Hospitality

  $510,589

  Educational

  $424,804

  Medical

  $439,414

  Retail

  $660,807

Location Insight

City

Parma

County

Cuyahoga

State

Ohio

Latitude

41.4114

Longitude

-81.7371

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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