Exceptional opportunity to own a fully renovated freestanding commercial building in a high-visibility location at a major intersection on Pearl Road in Parma. This property has undergone a complete gut renovation with over $175,000 invested since 2023, offering a turnkey space ready for your business. All plumbing and electrical have been redone, and HVAC ductwork has been added throughout the building. The flat roof was serviced in 2022. The building is fully permitted with the City of Parma, and blueprints and permits from the previous business are available for review. Inside, the space features an open, modern layout with newer windows, updated finishes, and flexible configurations ideal for retail, office, studio, or service-based businesses. The upstairs office/flex area includes two full bathrooms, a newer washer and dryer (2023), and a refrigerator in the office space (2023), providing additional convenience and versatility. Security is already in place with eight functional cameras (3 interior, 5 exterior) and an ADT system ready for activation. A 220-volt electrical line has been installed at the rear of the building, ideal for electric vehicle charging capability. One of the standout features is the resurfaced 10-space private parking lot (2022)—a rare and valuable asset for commercial properties in this area. Two new commercial entry doors at the front and rear enhance accessibility. Situated in a prime location with strong car and foot traffic, this updated commercial building combines visibility, modern improvements, and parking—making it a smart investment or owner-occupant opportunity.
This mixed-use building offers a compelling investment with three ground-floor commercial units and three upstairs apartments. The three residential units are currently tenanted, providing immediate cash flow, but all rents (commercial and residential) are below market rate, presenting an immediate upside. A key value-add opportunity is the seller's current occupancy of one apartment and two retail units. Upon closing, a new owner can immediately lease these three spaces at market rates, substantially increasing the Gross Potential Income (GPI). Furthermore, a third retail unit, currently used for low-yield storage (historically a bakery), can be converted into a high-yield retail storefront. This is a clear "Opportunity Knocks" scenario for an investor to acquire a stable asset with defined, actionable strategies for immediate and significant capitalization rate improvement.
Once in a life time opportunity to own a 9 unit mixed use building with a city approved Art Installation / Advertising Billboard. Email Agent for complete investment analysis, video tour, rent roll & information on the mechanical systems of the building. Local & out of state investors welcome. Do not disturb the tenants. Broker Owned property.
30 YEAR OWNER FINANCING / SELLER FINANCING AVAILABLE!!! ---- 14,000+ sq ft. Salon / Medical / Office building. Half of the building was occupied by HoltonWise for many years. We have moved to new location(s) & are currently leasing out all of the vacant space. Rent roll is anticipated to be between $16,000/mo & $22,000/mo when we're finished leasing out all of the space. The building is conveniently located next to University Hospital, shopping, transit, a high school football stadium and many national companies such as Chick-fil-A, Sheetz, McDonald's, Starbucks, Target, Kohl's, Verizon and Walmart. The building has frontage on both Ridge Rd across the street from Byers field & Lynett Dr across the street from University Hospital. The building has 3 floors, 1 elevator, 2 stairwells, 14 restrooms, a new $80,000 rooftop HVAC system that was installed a couple years ago, and two parking lots that can hold a total of 65 vehicles. Agent owned building. Email me for rent roll, showing information & owner financing details.
Parma is located in Ohio. Parma, Ohio has a population of 80,880. Parma is less family-centric than the surrounding county with 21.75% of the households containing married families with children. The county average for households married with children is 23.83%.
The median household income in Parma, Ohio is $60,590. The median household income for the surrounding county is $55,109 compared to the national median of $69,021. The median age of people living in Parma is 42.5 years.
The average high temperature in July is 83 degrees, with an average low temperature in January of 22 degrees. The average rainfall is approximately 38.3 inches per year, with 53.6 inches of snow per year.
