5767 Ridge Road Parma, OH $ 395,000
5767 Ridge Road
$ 395,000
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5767 Ridge Road

Parma, OH, 44129
$ 395,000
Bedrooms-- Baths--

Monthly Estimate*

$ 2,432

5767 Ridge Road, Parma, OH 44129 - Image 1
5767 Ridge Road, Parma, OH 44129 - Image 2
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5767 Ridge Road, Parma, OH 44129 - Image 7
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Commercial Property for sale in Parma, OH

for $395,000. This building was built in 1944 on a lot size of 0.1701.

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.

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Commercial Active

Price

$ 395,000

Property Type

Commercial

Taxes

$ 6,109

Style

Lot Size

0.1701

Year Built

1944

Town/City

Parma

County/Region

Cuyahoga

MLS | Web ID

5187728

Features
General
Sewer Public Sewer
Heating Forced Air Gas
Possession Delivery Of Deed
Roof Flat
Year Built 1944
Township Parma
Property Subtype Mixed Use
Tax Year 2025
County Cuyahoga
Property Type Commercial Sale
Attached Garage false
Subdivision Name Ridgewood Gardens
Status Active
Directions Near Snow and Ridge Road
City Parma
Disclosures Principal is Real Estate Licensed
High School District Parma CSD - 1824
Number Of Units Total 3
Lot Size Units Acres
Tax Annual Amount 6109
Water Sewer Expense 600
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Parma CSD - 1824
Elementary School District Parma CSD - 1824
Year Built Source Public Records
Property Sub Type Additional Mixed Use
Legal Description 5 RDGWGAR ANNEX S/L 1143 ALL BUT SEC
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Interior
Basement Full Concrete Storage Space
Basement (Y/N) true
Heating Y/N true
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features On Site
Water Source Public
Total Parking 8
Lot Size Area 0.1701
Number of Buildings 1
Building Area Total 4592
Lot Size Acres 0.1701
Lot Size Source Assessor
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* Excluded Features
List By
Richard Farina Jr.

Listing Agent

Russell Real Estate Services

Broker

rfarina555@gmail.com

Email

Affordability Calculator

$2,941
Per Month
83%
17%
0%
Monthly Principal & Interest
$2,432
Monthly Property Taxes
$509
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4457930 Elementary School
4457950 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/18/2026$395,000 Listed Price

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5767 Ridge Road, Parma, OH, 44129 is a Commercial Property for sale at $395,000 with a lot size of 0.1701. 5767 Ridge Road was built in 1944. The property's zip code is 44129 which is in Parma, OH