5753 Ridge RdParma, OH 44129

Property Details for 5753 Ridge Rd

Year built

1948

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

6,500 SF

Zone code

RB

Property type

Industrial properties

Property subtype

Other warehouses

APN

443-06-007

APU

44306007

Description

This exceptional investment opportunity presents a rare chance to acquire a nine-unit mixed-use building located at 5753 Ridge Road in Parma, Ohio. Situated on a 0.17-acre lot, this property offers significant income potential and unique features. The building's mixed-use zoning allows for a diverse tenant base, contributing to a robust rental income stream. A key advantage is the inclusion of a city-approved art installation/advertising billboard, providing an additional revenue stream. Detailed financial information, including a rent roll and a comprehensive analysis of the building's investment potential, is available upon request. A video tour showcasing the property's features is also accessible. The mechanical systems of the building are well-maintained and information regarding their specifics is readily available. This property is ideal for both local and out-of-state investors seeking a strong, diversified investment in a thriving community. Please note that this is a tenant-occupied building, and tenant privacy should be respected. Serious inquiries only. The asking price for this remarkable investment property is $1,499,900. Don't miss this chance to own a piece of Parma's vibrant commercial landscape.

• Alternative Use

  Use

  Valuation

  Residential

  $1,338,455

  Hospitality

  $1,226,018

  Educational

  $1,020,033

  Medical

  $1,055,113

  Retail

  $1,586,717

Location Insight

City

Parma

County

Cuyahoga

State

Ohio

Latitude

41.406

Longitude

-81.7341

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].