7401 W Ridgewood Drive Parma, OH ^$ 399,900

7401 W Ridgewood Drive

^$ 399,900

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7401 W Ridgewood Drive

Parma, OH, 44129

^$ 399,900

Studio Baths0.0 Sq 5,400

Monthly Estimate*

^$ 2,658

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Studio

Commercial Property for sale in Parma, OH

for $399,900. This 5,400 square foot building was built in 1955 on a lot size of 13.3418.

An incredible opportunity awaits! After 50 yrs of successful operation, the owner is ready to retire, presenting you with the chance to take over this thriving business. All the equipment you need to hit the ground running! With 3 walk-in coolers, spacious freezer, & fully equipped kitchen with 14' hood. 80+ tables and 300+ chairs over 5,400 square feet. Includes D5-6 liquor license. Great high traffic area of Parma.

Commercial Active

Price

^$ 399,900

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 449,985

Style

Lot Size

13.3418

Year Built

1955

Town/City

Parma

County/Region

Cuyahoga

MLS | Web ID

4475572

Features

General

Sewer PublicSewer

Heating ForcedAir Gas

Cooling CentralAir

Possession DeliveryOfDeed

Year Built 1955

Tenant Pays AllUtilities

Township Parma

Property SubType Retail

County Cuyahoga

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Building Features PublicRestrooms

Status Active

Directions W. Ridgewood Dr. & Ridge Rd.

City Parma

View Y/N N

Senior Community Y/N N

High School District Parma CSD - 1824

Waterfront Y/N N

Carport Y/N N

Street Name Ridgewood

Property Attached Y/N N

Land Lease Y/N N

Tax Annual Amount 449985.0

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 218

Standard Status Active

Occupancy Type Tenant

Middle/Junior School District Parma CSD - 1824

Elementary School District Parma CSD - 1824

Property Sub Type Additional Retail

Legal Description PARCEL 2B-3 AFN 202104300300

Exterior

Parking Features SharedDriveway

Water Source Public

Lot Size Area 13.3418

Number of Buildings 1

Spa N

Building Area Total 5400.0

Lot Size Acres 13.3418

Lot Size Units Acres

Lot Size Source PublicRecords

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Above Grade Finished Area 5400.0

Street Suffix Drive

Electric On Property Y/N N

Main Level Bathrooms 0

Above Grade Finished Area Source Assessor

Internal Only

Street Number 1 7401

* Excluded Features

List By

David M Savron

Listing Agent

Century 21 Depiero & Associate

Broker

savrond19@gmail.com

Affordability Calculator

$40,157

Per Month

Monthly Principal & Interest: $2,658
Monthly Property Taxes: $37,499
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Parma, OH

Average List Price ^$745,325

Percent of Sale Price 86%

About Parma, OH

80,581 Population

-6% Since 2002

^$51,338 Median Income

41.8 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4457808 Elementary School

4457469 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/21/2023	$399,900	-19.86%	Price Down
7/19/2023	$499,000		Listed Price

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7401 W Ridgewood Drive, Parma, OH, 44129 is a Commercial Property for sale at $399,900 with 5,400 sqft and a lot size of 13.3418. 7401 W Ridgewood Drive is a studio with 0.0 baths and was built in 1955. The property's zip code is 44129 which is in Parma, OH

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the YES MLS.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the YES MLS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 6/1/2024.

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7401 W Ridgewood Drive

Commercial Property for sale in Parma, OH

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