$390,000
6505 Pearl RD Parma Heights, OH 44130
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$390,000
Est. payment /mo
0.29 Acres Lot
Active
6505 Pearl RD Parma Heights, OH 44130
UPDATED:
10/18/2024 09:14 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Clayton C Townes Companys Orc
MLS Listing ID 5072398
HOA Y/N No
Year Built 1990
Annual Tax Amount $3,571
Tax Year 2023
Lot Size 0.286 Acres
Acres 0.2857
Property Description
Drive-Through Beverage Store Investment Opportunity** Located on a high-traffic street in the thriving suburb of Parma Heights, Ohio, this well-established drive-through beverage store offers a unique opportunity for investors or operators looking to expand their business portfolio. We are offering it at $390k plus inventory, estimated at $35k. Currently, the business could generate significant monthly revenues with the upcoming events in the area, plus additional revenue from lottery sales. Now that the Browns are moving to their future stadium in Brook Park, this is going to be an awesome and exciting investment! The sale includes both the business and the real estate, featuring a newer roof, a 2021 asphalt update, and a full security system. With a median household income of $85,394 in the surrounding area?above the national average?and over 15,000 vehicles passing by each day, this is a prime location with strong consumer demand. The property includes approximately $35,000 in inventory and a C1 and D1 liquor license. There?s value-add potential through extended hours of operation and adding additional revenue streams. Currently closed before noon on weekdays and all day on Sundays, expanding the hours could significantly boost sales. The property also includes a second garage bay that is currently just used for storage, which isn't necessary since there is a HUGE underutilized basement space. This offers flexibility for future business enhancements, such as delivery services and potentially collaborating with local Airbnb hosts. The HVAC was recently inspected, and the roof, electrical system, and hot water tanks have all been recently replaced and/or improved. Phase 1 and 2 are clear and can be provided in due diligence. Whether you're an experienced owner/operator or a new investor seeking a business with growth potential, this drive-through beverage store is a rare find in a high-demand location.
Location
State OH
County Cuyahoga
Rooms
Basement Partial
Interior
Heating Other
Cooling None
Fireplace No
Exterior
Garage Garage
Waterfront No
Water Access Desc Public
Roof Type Composition,Flat
Present Use Automotive,Mixed Use
Parking Type Garage
Building
Sewer Public Sewer
Water Public
Schools
School District Parma Csd - 1824
Others
Tax ID 472-22-005
Special Listing Condition Standard
Listed by Gregory Erlanger • Keller Williams Citywide • Info@EZSalesTeam.com 216-916-7778
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