6671 Pearl RdParma Heights, OH 44130

Property Details for 6671 Pearl Rd

Year built

2002

Construction

TYPE NOT SPECIFIED

Lot size

0.56 AC

Property size (Sq ft)

2,725 SF

Zone code

C

Property type

Retail properties

Property subtype

Drive through restaurants

APN

473-25-003

APU

47325003

Description

This exceptional ±2,725 square foot freestanding commercial property presents a unique opportunity in Parma Heights, Ohio. Located at 6671 Pearl Rd, this Class A building sits on a 0.57-acre lot with excellent visibility and frontage measuring 154' x 184'. Previously operating as a restaurant, the space comes equipped with existing tenant's fixtures, furniture, and equipment (FF&E), offering a significant advantage for a quick and efficient setup. The property's zoning is designated as Town Center Mixed-Use Development within Cuyahoga County, providing flexibility for various commercial uses. Its strategic location within the Southland super regional trade area places it minutes from the Shoppes at Parma, ensuring high traffic volume and exposure to a large customer base. Nearby retail anchors include BJ's, Giant Eagle, Marcs, Marshalls, Petco, Target, Walmart, Burlington, Dick's, Ulta, Old Navy, and Five Below, creating a vibrant and thriving commercial environment. The single-tenancy building offers ample space and a drive-thru, making it ideal for a variety of restaurant concepts or other suitable commercial ventures. This property is a rare find, combining prime location, existing infrastructure, and significant potential for immediate occupancy. The property's address is 6671 Pearl Rd, Parma Heights, OH 44130.

• CAP approach

  CAP return

  Valuation

  6%

  $720,634

  6.5%

  $665,201

  7%

  $617,686

• Comparable approach

  Method

  Valuation

  Relative Method

  $642,339

  Geo Method

  $642,339

• Alternative Use

  Use

  Valuation

  Residential

  $561,122

  Hospitality

  $513,984

  Educational

  $427,629

  Medical

  $442,336

  Retail

  $665,201

Location Insight

City

Parma Heights

County

Cuyahoga

State

Ohio

Latitude

41.3812

Longitude

-81.7817

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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