Browse All Parma OH Above $1M Properties for Sale

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

$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

$1,399,900

5021256 MLS

Once in a life time opportunity to own a 9 unit mixed use building with a city approved Art Installation / Advertising Billboard. Email Agent for complete investment analysis, video tour, rent roll & information on the mechanical systems of the building. Local & out of state investors welcome. Do not disturb the tenants. Broker Owned property.

5753 Ridge Road, Parma

$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

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