Parma Heights, OH 44130,6500 Pearl RD
Parma Heights, OH 44130,6500 Pearl RD
Parma Heights, OH 44130,6500 Pearl RD
35
$800,000
-
Est.Price: ?

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3.01 Acres Lot

6500 Pearl RD Parma Heights, OH 44130

Est. payment /mo
SOLD DATE : 01/16/2023

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Key Details

Sold Price $800,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Subdivision Ely

MLS Listing ID 4396107

Sold Date 01/16/23

HOA Y/N No

Year Built 1965

Annual Tax Amount $23,000

Lot Size 3.011 Acres

Acres 3.0108

Property Description

FOR SALE BY COURT APPOINTED RECEIVER, VALUE-ADD OFFICE INVESTMENT OPPORTUNITY. CALL FOR OFFERS - Offers due by October 12, 2022 @ 4pm.
Court Appointed Receiver, Prodigy Properties, is pleased to present the opportunity to acquire 6500 Pearl Rd located in Parma Heights, OH. Parma Heights is considered a submarket of Cleveland and is only 8 miles southwest of downtown Cleveland. Constructed in 1965 this intriguing value-add office building features two stories plus a lower level and more than 61,000 SF of ideal space for medical and/or professional office uses. The new owner will benefit from an immediate rent base with significant upside potential by addressing deferred maintenance, increasing rents / extending existing MTM tenants, and lease-up of vacancy. Property will be sold free and clear of all liens, with property taxes prorated and paid off to the day of closing. Receiver may, in its sole discretion, accept or reject any bid or offer for any reason, at any time, without notic

Location

State OH

County Cuyahoga

Interior

Fireplace No

Exterior

Water Access Desc Public

Building

Story 2

Sewer Public Sewer

Water Public

Schools

School District Parma Csd - 1824

Others

Tax ID 473-18-004

Financing Cash

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Listed by Jeffrey S Lane • Prodigy Properties
Bought with Non-Member Non-Member • Non-Member

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Derek Villers

REALTOR/Salesperson | License ID: WVS200301302

+1(304) 532-4907

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