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6500 Pearl RD Parma Heights, OH 44130
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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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Bought with Non-Member Non-Member • Non-Member