Parma Heights, OH 44130,6573-6579 Pearl RD
Parma Heights, OH 44130,6573-6579 Pearl RD
Parma Heights, OH 44130,6573-6579 Pearl RD
35
$343,535
$250,000
37.4%
Est.Price: ?

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6,500 SqFt

6573-6579 Pearl RD Parma Heights, OH 44130

Est. payment /mo
SOLD DATE : 11/07/2023

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Key Details

Sold Price $343,535

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 6,500 sqft

Price per Sqft $52

Subdivision Briar-Cliff 05

MLS Listing ID 4475807

Sold Date 11/07/23

HOA Y/N No

Abv Grd Liv Area 6,500

Year Built 1957

Annual Tax Amount $11,722

Lot Size 0.429 Acres

Acres 0.4287

Property Description

Court Appointed Receiver, Prodigy Properties, is pleased to present the opportunity to acquire 6573-6579 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 1957, this intriguing investment opportunity features a multi-tenant retail building with seven (7) separately demised units, each approximately 928 SF for a total of 6,500 SF. Each unit has its own bathroom, water heater, dedicated HVAC unit, and separately metered utilities. The property is currently 71% occupied. The new owner will benefit from an immediate rent base with significant upside potential by increasing existing below market rents, extending existing MTM tenants, and leasing-up the two vacant units. Situated on .429 acres, providing approximately 20 parking spaces.

Location

State OH

County Cuyahoga

Interior

Heating Forced Air, Gas

Cooling Central Air

Fireplace No

Exterior

Parking Features On Site, Paved

Water Access Desc Public

Roof Type Flat

Total Parking Spaces 20

Building

Foundation Slab

Sewer Public Sewer

Water Public

Schools

School District Parma Csd - 1824

Others

Tax ID 473-34-004

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

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Listed by Jeffrey S Lane • Prodigy Properties • (513) 841-7000 prodigy@prodigyprop.com
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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