5388 Ridge RoadParma, OH 44129

5388 Ridge RoadParma, OH 44129

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$350,000 Active
Commercial - Retail MLS 5254718 New to the Market

Listed By

Agency Name: LPT Realty
Agency Contact: info@21mike.com, 216-373-7727

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Located at 5388 Ridge Road in Parma, this brick commercial building offers an established restaurant and bar layout with flexibility for a range of future business concepts. The main level features a spacious bar and dining area, a separate service counter area, a commercial kitchen, four restrooms and ample storage. A private upstairs office and storage adds a dedicated space for day-to-day operations. Existing restaurant and bar equipment can be included in the sale, making it easier to plan a new setup or reconfigure the space. Recent improvements include a silicone membrane roof coating and two almost-new Carrier rooftop units providing heating and air conditioning. Three-phase electrical service supports a variety of commercial needs. Outside, the property includes a rear covered patio and a prominent corner position along the high-traffic Ridge Road corridor. A separate vacant lot with parking is also available for purchase and may be included with an acceptable offer. Potential uses may include a restaurant, office or retail space. No liquor license included. Buyer to independently confirm zoning, permitted uses, parking requirements and any necessary approvals with the City of Parma.

5388 Ridge Road | MLS# 5254718

This commercial property located at 5388 Ridge Road, Parma, OH 44129 is currently listed for sale with an asking price of $350,000. Ridge Road is located within the Parma City school district. Search Parma real estate on 5258royalarchcascadedriveunit25.cutlerhomes.com today.

Property Features

Property Type: Commercial - Retail
Cooling: Central Air
Days on Market: 1
Heating: Forced Air
Lot Size: 0.14 Acres
Roof Type: Asphalt, Fiberglass, Other
Stories: 2.0
Taxes: $5,441 / year
Year Built: 1950

Feature Descriptions

Building Features: Other, Private Restrooms, Public Restrooms
Parcel#: 442-16-022
Parking: Parking Lot, On Street, See Remarks
Patio/Porch: Patio
Sewer: Public Sewer
Units: 1
Water: Public

Local Schools

School District: Parma City

Demographics

Cuyahoga County Demographic Information for 5388 Ridge Road, Parma, OH 44129
Fips
Fips Code 39035
Population
2020 to 2025 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2025 Estimate (V2025) 1,232,925
2020 Estimate (V2025) 1,264,775
Age Distribution (Years Old)
0 to 4 5.2%
5 to 17 20.1%
18 to 64 54.2%
65 and Older 20.5%
Gender
Male 48.0%
Female 52.0%
Place of Birth
Foreign 7.7%
US 92.3%
Education
High School Graduate, Age 25+ 91.5%
Bachelor's Degree or Higher, Age 25+ 36.5%
Computer and Internet use
Households with a computer 94.0%
Households with a broadband Internet subscription 89.5%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 54,264
Income
Per Capita Income $42,747
Median Household Income $64,468
People in Poverty 14.9%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 554,551
Average Household Size 2.20
Owner-Occupied 59.4%
Multi-Family 34.9%
Owner-Occupied Median Value $195,400
Median selected monthly owner costs -with a mortgage $1,570
Median selected monthly owner costs -without a mortgage $671
Median gross rent $1,060
Building Permits
New Private Housing Issued 2024 1,685
Years at Residence
1 Year or More 86.7%
Less Than 1 Year 13.3%
Business and Employment
Private non-farm Establishments 31,496
Private non-farm Employment 681,543
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 110,977
Number of Firms 23,160
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau