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$540,000
5229101 MLS
Turnkey opportunity to own a fully renovated, state-approved childcare facility in a prime Parma location! Situated on highly visible Pearl Road directly next to the fire station, this established daycare has been completely updated and is fully operational, allowing a new owner to step in and begin operating immediately. The property has been thoughtfully renovated to meet childcare facility requirements and features a new roof, new drywall, new flooring, updated mechanical systems, and improvements completed to current childcare code standards. Outside, children will enjoy a new playground area, creating a safe and inviting environment for learning and play. This is an outstanding opportunity, who is seeking a move-in-ready business location with excellent street visibility, convenient access, and strong community presence. Whether you’re expanding an existing childcare business or launching a new venture, this property offers the infrastructure and approvals needed to hit the ground running.

5611 Pearl Road, Parma

Listing Courtesy of: Daniell Collyer, daniell.collyer@gmail.com With Plum Tree Realty, LLC

$320,000
5187728 MLS
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.

5767 Ridge Road, Parma

Listing Courtesy of: Richard Farina Jr., rfarina555@gmail.com With Russell Real Estate Services

Selling Office: Russell Real Estate Services.

$1,200,000
5180230 MLS
Prime High-Visibility Commercial Opportunity on Ridge Road! Position your business for success at 7000 Ridge Rd., Parma, OH, located on one of Parma’s busiest commercial corridors with exceptional daily traffic counts and outstanding street exposure. This well-situated property offers maximum visibility, prominent signage potential, and easy access for customers and clients. Surrounded by established retailers, restaurants, and service businesses, this location benefits from consistent drive-by traffic and strong local demographics. Convenient access to major routes and nearby residential neighborhoods makes it an ideal spot for retail, office, medical, service, or professional use. Whether you’re an owner-user looking to establish a presence or an investor seeking a high-traffic location, this property offers location, exposure, and opportunity in a proven commercial area. Don’t miss your chance to secure a presence on Ridge Road—schedule your private tour today.

7000 Ridge Road, Parma

Listing Courtesy of: Stacy N Nugent, stacynuge@gmail.com With Keller Williams Elevate

Selling Office: Keller Williams Elevate.

$1,180,000
5148371 MLS
This 7-property, 8-unit single-family portfolio is located across some of Northeast Ohio’s most desirable suburbs, including Parma, North Olmsted, Brook Park, South Euclid, and University Heights. Fully occupied and generating $12,074/month in rent, the current NOI is $79,649 with a pro forma NOI of $104,356, supporting a cap rate of 6.53% as-is and 9.20% pro forma. Pro forma cash-on-cash return is 23%, with over $25K in annual rent upside. Tenants pay all utilities, except water/sewer in the duplex. Estimated ARV is $1.74M, backed by strong neighborhood comps averaging $143K per home, offering over $500K in potential equity when resold individually to homeowners. Recent capital improvements include three new hot water tanks, a new furnace, a $12K rent-ready renovation at 8213 Ivandale, and a $7K shower upgrade at Raymont. CapEx accounts for over 50% of reported repair costs, allowing immediate expense reduction under new management. Properties are located in high-demand zip codes with fast-moving resale markets, proven homeowner demand, and long-term appreciation. Property breakdown includes: 8213 Ivandale, Parma – 4 bed / 2 bath, 1,910 sq ft (ARV $243K); 1474-76 Sherbrook, South Euclid – 7 bed / 3 bath duplex, 3,555 sq ft (ARV $250K); 3852 Grosvenor, South Euclid – 3 bed / 1 bath, 1,589 sq ft (ARV $170K); 4647 Sellhurst, North Olmsted – 3 bed / 1 bath, 1,237 sq ft (ARV $300K); 6113 Michael, Brook Park – 3 bed / 2 bath, 1,036 sq ft (ARV $250K); 3901 Warrendale, South Euclid – 4 bed / 2 bath, 1,598 sq ft (ARV $250K); and 3582 Raymont, University Heights – 4 bed / 2.5 bath, 1,728 sq ft (ARV $275K). Rent roll and financials included in the due diligence package attaches. No showings until accepted offer. Seller has two additional portfolios and two single-family homes available. Inquire for bulk pricing or multi-portfolio opportunities. This is a clean, stable portfolio with location, income, equity, and multiple exit strategies.

8213 Ivandale Drive, Parma

Listing Courtesy of: Erin Thomas, Erinthomas@kwcommercial.com With Keller Williams Living

Selling Office: EXP Realty, LLC..

$470,000
5060606 MLS
This well-maintained property features beautifully preserved units and modern updates throughout. The windows were replaced eight years ago, and the roof was recently renewed in 2024. Plumbing updates have been handled as needed, and each unit benefits from new electric panels. Though the furnaces are original, they receive annual maintenance to ensure optimal performance. Each apartment, spanning approximately 900 square feet, includes a large kitchen, a dining area, a spacious living room, a bathroom, and one bedroom. While the kitchen floors could use an update, the rest of the unit showcases elegant wood flooring. The building also offers five separate car garages and a well-organized basement with shared washers and dryers for tenant convenience. This charming property is in excellent condition and ready for a new owner to appreciate and enjoy.

6029 Ridge Road, Cleveland

Listing Courtesy of: Hanna Harb, harbsellsrealestate@gmail.com With Assad & Crea Realty Group

Selling Office: Assad & Crea Realty Group.

$1,949,999
5012346 MLS
30 YEAR OWNER FINANCING / SELLER FINANCING AVAILABLE!!! ---- 14,000+ sq ft. Salon / Medical / Office building. Half of the building was occupied by HoltonWise for many years. We have moved to new location(s) & are currently leasing out all of the vacant space. Rent roll is anticipated to be between $16,000/mo & $22,000/mo when we're finished leasing out all of the space. The building is conveniently located next to University Hospital, shopping, transit, a high school football stadium and many national companies such as Chick-fil-A, Sheetz, McDonald's, Starbucks, Target, Kohl's, Verizon and Walmart. The building has frontage on both Ridge Rd across the street from Byers field & Lynett Dr across the street from University Hospital. The building has 3 floors, 1 elevator, 2 stairwells, 14 restrooms, a new $80,000 rooftop HVAC system that was installed a couple years ago, and two parking lots that can hold a total of 65 vehicles. Agent owned building. Email me for rent roll, showing information & owner financing details.

6731 Ridge Road, Parma

Listing Courtesy of: James P Wise, JamesWise@HoltonWise.com With The Holton-Wise Property Group LLC

$100,000
4492909 MLS
Unique opportunity to purchase 2 adjacent commercial properties, each containing a free standing all brick building in one transaction. Building at 5649 Ridge Rd is 487 approx. sq. ft. with parking in the back plus a 3 car bay garage. The other building at 5655 & 5657 Ridge Rd is approx. 2196 sq. ft. that is divided into 2 suites, one larger and one smaller. This building also has additional back doors which makes it easy to subdivide this building into additional suites. Both buildings feature newer roofs and 3 newer furnaces. Properties are at a great location just noth of Snow Rd on Ridge Rd which makes them ideal for retail or mixed use and/or office space. Buildings are in need of remodeling and are being sold in "AS IS " condition.

5649 Ridge Road, Parma

Listing Courtesy of: Bill Eyerdam, bille@b-a-realty.com With Broker Associates Realty

Selling Office: Broker Associates Realty.

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