6405 Pearl RdParma Heights, OH 44130

Property Details for 6405 Pearl Rd

Year built

1977

Construction

WOOD

Lot size

1.05 AC

Property size (Sq ft)

5,506 SF

Zone code

C

Property type

Turn key restaurants

APN

472-26-003

APU

47226003

Description

This exceptional 0.73-acre commercial lot is ideally situated on Pearl Road in Parma Heights, Ohio, at 6405 Pearl Road, zip code 44130. The property is zoned for General Commercial use, presenting a multitude of development opportunities. With an asking price of $215,000, this parcel offers significant potential for investors and businesses alike. The high-traffic location boasts an impressive 15,444 vehicles per day, according to ODOT TIMS data, ensuring excellent visibility and accessibility. Furthermore, the surrounding area demonstrates strong economic indicators, with an average household income exceeding $79,038 within a three-mile radius. This prime location in Cuyahoga County provides easy access to major transportation routes and a thriving community. The property's size and zoning make it suitable for a variety of commercial ventures. Don't miss this opportunity to acquire a valuable piece of commercial real estate in a desirable location. This offering includes lifetime access easements.

• CAP approach

  CAP return

  Valuation

  6%

  $1,456,078

  6.5%

  $1,344,072

  7%

  $1,248,066

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,297,879

  Geo Method

  $1,297,879

• Alternative Use

  Use

  Valuation

  Residential

  $1,133,775

  Hospitality

  $1,038,532

  Educational

  $864,046

  Medical

  $893,762

  Retail

  $1,344,072

Location Insight

City

Parma Heights

County

Cuyahoga

State

Ohio

Latitude

41.3863

Longitude

-81.7677

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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