5245 Ridge RdParma, OH 44129

  • Retail properties
  • 4,468 SF
For Lease
$12.50/SF/YR View listing

Property Details for 5245 Ridge Rd

Year built
1965
Construction
TYPE NOT SPECIFIED
Lot size
0.14 AC
Property size (Sq ft)
4,468 SF
Zone code
RB
Property type
Retail properties
Property subtype
Retail space
APN
443-21-007
APU
44321007

Description

This exceptional single-tenant retail property, located at 5245 Ridge Road in Parma, Ohio, presents a compelling investment opportunity. The 4,593 square foot building sits on a 0.289-acre lot and is classified as a Class B property. Constructed in 1965, this one-story structure is zoned RB and features an open showroom layout, ideal for a variety of retail concepts. The property includes a convenient dock door for efficient receiving of products. Its location on the well-traveled Ridge Road ensures high visibility and accessibility for customers. The property's address is 5245 Ridge Road, Parma, OH 44129, and its Cuyahoga County APN numbers are 44321007 and 44321008. The building is suitable for both retail and office uses, offering flexibility for potential tenants. This property represents a rare chance to acquire a well-situated retail space in a thriving Parma location with significant potential for growth and return on investment. The property's single-tenant occupancy simplifies management and provides a stable income stream. The building's design and features are well-suited to a range of retail businesses. The convenient location and high visibility make this an attractive option for businesses seeking to establish a strong presence in the Parma market.

5245 Ridge Rd, Parma, Ohio

Location Insight

City
Parma
County
Cuyahoga
State
Ohio
Latitude
41.4174
Longitude
-81.734
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,927
$10,500
$58,450
$68,950
-
$30,000
$167,000
$197,000

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