2221 Brookpark RD Parma, OH 44134
4,800 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Brookview
MLS Listing ID 5099911
HOA Y/N No
Year Built 1955
Annual Tax Amount $3,743
Tax Year 2024
Lot Size 4,800 Sqft
Acres 0.1102
Property Sub-Type Retail
Property Description
This 2-story commercial property sits on one of Cleveland's highest traffic streets. Great visibility!
This property boasts $53,400 Gross Annual w/ 10.8% CAP. 2 suites w/ ~10,800 + sq feet retail/office and 3500+ sq feet open storage space in basement accessed by main floor unit and includes 6 off street parking spaces up front.
This fully occupied turnkey investment is triple Net tenancy with $4,100 Mo/ $49,200 Annual Income.
This low - to no maintenance asset is prime to add value and cash flow to your portfolio at nearly a 9 Cap return.
Occupants:
Main Floor - Liquidation Company has been in business for 10 + years and uses the space for warehousing only.
2nd Floor - A well established and growing commercial photography / digital imaging company.
Property Taxes - $3,743 Annually -
Insurance $1743 Annually
Each occupant has a the balance of their two year lease with 2 year option add on.
Tenants pay for all utilities and maintenance.
Deposits for all units
Location
State OH
County Cuyahoga
Rooms
Basement Full, Concrete, Unfinished
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Concrete, On Site, Paved, Parking Lot, Private
Water Access Desc Public
Roof Type Asphalt,Rolled/Hot Mop
Present Use Commercial,Office,Retail
Total Parking Spaces 6
Building
Story 2
Foundation Basement, Block
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Parma Csd - 1824
Others
Tax ID 445-01-036
Acceptable Financing Cash, Conventional, 1031 Exchange, Owner May Carry
Listing Terms Cash, Conventional, 1031 Exchange, Owner May Carry
Special Listing Condition Standard
- 7
Constellation Schools: Puritas Community Middle School
Public | 5 - 8
- 6
Denison School
Public | PK - 8
- 5
Constellation Schools: Parma Community
Public | KG - 12
- 5
Parma Park Elementary School
Public | KG - 4
- 5
Constellation Schools: Old Brooklyn Community Elementary School
Public | KG - 4
- 5
Constellation Schools: Old Brooklyn Community Middle School
Public | 5 - 8
- 5
William Cullen Bryant School
Public | PK - 8
- 5
Charles A. Mooney School
Public | PK - 8
- 5
John Muir Elementary School
Public | KG - 4
- 4
Renwood Elementary School
Public | KG - 4
- 4
Ridge-Brook Elementary School
Public | KG - 4
- 4
Thoreau Park Elementary School
Public | KG - 4
- 4
Shiloh Middle School
Public | 5 - 7
- 4
Benjamin Franklin School
Public | PK - 8
- 4
Cleveland College Preparatory School
Public | KG - 8
- 3
Brookridge Elementary School
Public | KG - 6
- 3
Horizon Science Academy-Denison Middle School
Public | KG - 8
- 3
Washington Park Community
Public | KG - 8
- 0
St Charles School
Private | PK - 8
- 0
Bethany Lutheran School
Private | PK - 8
- 4
Parma High School
Public | 8 - 12
- 2
Washington Park
Public | 9 - 12
- 1
James Ford Rhodes High School
Public | 9 - 12
- 0
Padua Franciscan High School
Private | 9 - 12