5767 Ridge Road, Parma, OH 44129

Property Description

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.

Listing Status:

Active

Data Last Updated:

April 4, 2026 at 9:17PM

Listing Office:

Russell Real Estate Services : 440-201-9850

Listing Agent:

Richard Farina Jr. : 216-870-3210

MLS ID:

5187728

Interior

• Basement: FullConcreteStorage Space
• Heating: Forced AirGas

Exterior

• Parking: On SiteParking spaces: 8

Construction

• Roofing: Flat

Location

• Originating MLS: NOWDD_NORM
• School District: Parma CSD - 1824
• County: Cuyahoga

Lot

• Zoning: 5 RDGWGAR ANNEX S/L 1143 ALL BUT SEC443-06-004

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: NOWDD_NORM