Listed by Hanna Commercial Real Estate, Hanna Commercial Real Estate Cleveland
$450,000
4.13 Acres (±2.7 acres net) in Parma, OH
Details
Property Type Land
Sub Type Commercial
Acreage 4.130
Zoning Retail Business (RB)
Land | 4.13 acres
Investment highlights
- ±4.13 acres (±2.7 acres net) of contiguous, developable land located directly behind Gabe’s and adjacent to Giant Eagle, two of the strongest traffic-driving retailers in the trade area.
- Positioned off of the Ridge Road retail corridor, one of Parma’s primary commercial arteries, serving as a major north-south connector with consistent daily traffic and established retail density.
- Immediate access to a dense, built-in consumer base, surrounded by mature residential neighborhoods and long-standing retail anchors that generate repeat, necessity-driven visits.
- Flexible site layout allows for a variety of development concepts including retail outparcels, medical or service-oriented users, fast casual/QSR (subject to approvals), mixed retail, or pad development.
- Strong co-tenancy synergy with nearby grocery, discount, and daily-needs retail, creating reliable foot traffic and sustained consumer demand.
- Rare infill land opportunity in a supply-constrained market where new development sites of this size are increasingly scarce.
- Parma is one of Northeast Ohio’s largest and most established suburbs, offering stable demographics, proven retail performance, and long-term market durability.
- Utilities Include: Gas, Electric, Sewer, and Water
- Zoned: Retail Business (RB)
Listing Contacts
Listed by Hanna Commercial Real Estate, Hanna Commercial Real Estate Cleveland
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Is there information that looks off?
