5120 Pearl RdCleveland, OH 44129

Property Details for 5120 Pearl Rd

Year built

1947

Lot size

3.79 AC

Property size (Sq ft)

50,208 SF

Zone code

SI

Property type

Warehouses

APN

012-33-006

APU

1233006

Description

This exceptional 6.136-acre retail lot, located at 5120 Pearl Road in Cleveland, Ohio (APN 01233007, Cuyahoga County, zip code 44129), presents a unique development opportunity. Currently zoned SI-C3, this property boasts a prime location centrally situated between Parma and Brooklyn, experiencing over 34,000 vehicles per day. The existing single-story, 1947-built structure on the site offers flexibility for redevelopment. The densely populated area ensures high visibility and strong potential for a new multi-tenant building. The lot is divisible, catering to various development plans. This is an excellent chance to capitalize on the significant existing retail presence and high traffic volume in this thriving commercial corridor. The property's size and location make it ideal for a variety of retail uses, offering substantial returns for an aggressive investor. The property is classified as Class B. Serious inquiries are encouraged to explore the possibilities of this remarkable development opportunity. Further details regarding the existing building and its square footage are available upon request.

• Alternative Use

  Use

  Valuation

  Residential

  $10,338,641

  Hospitality

  $9,470,140

  Educational

  $7,879,045

  Medical

  $8,150,018

  Retail

  $12,256,293

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.4199

Longitude

-81.7281

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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