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Commercial Real Estate for Sale at 5767 Ridge Road in Parma, OH for $395,000

Listing data last changed 02/19/2026 - 1:08am
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5767 Ridge Road | Parma

$395,000 | 0.0 Sq. Ft.

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.\r\n\r\nA key value-add opportunity is the seller\u0027s 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.\r\n\r\nThis is a clear \u0022Opportunity Knocks\u0022 scenario for an investor to acquire a stable asset with defined, actionable strategies for immediate and significant capitalization rate improvement. MLSNow 5187728 Directions to property: Near Snow and Ridge Road

MLS Listing ID: 
MLSNow 5187728
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$395,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Mixed Use
Primary Market Area: 
Parma
Address: 
5767 Ridge Road, Parma, OH 44129
County: 
Cuyahoga
Latitude: 
41.4054530
Longitude: 
-81.7340890
Directions: 
Near Snow and Ridge Road
Public Remarks: 
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.\r\n\r\nA key value-add opportunity is the seller\u0027s 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.\r\n\r\nThis is a clear \u0022Opportunity Knocks\u0022 scenario for an investor to acquire a stable asset with defined, actionable strategies for immediate and significant capitalization rate improvement.
Community Information
School District: 
Parma CSD - 1824
Subdivision: 
Ridgewood Gardens
Building Details
Details about the building on a property.
Year Built: 
1944
Living Area: 
0.0
Basement: 
Full,Concrete,Storage Space
Construction
Roof: 
Flat
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air,Gas
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.17
Lot Size (Area): 
0.17
Lot Features
Parking Type: 
On Site
Total Parking Spaces: 
8
Public Record
Parcel Number: 
443-06-004
Annual Tax: 
$6,109.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Disclosures: 
Principal is Real Estate Licensed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Russell Real Estate Services

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