Parma, Ohio, a city located on the southern edge of Cleveland, offers a unique opportunity for investors to capitalize on the growing demand for industrial properties. With a strong focus on safety and a growing commercial sector, Parma has become an attractive location for businesses and investors alike. Industrial properties in Parma can represent a range of investments, from manufacturing facilities to warehouses and distribution centers. The city's infrastructure, including major roads like West 130th Street and Ridge Road, provides easy access to transportation hubs like the Cleveland Hopkins International Airport. Additionally, Parma's education system, including the Parma City School District and institutions like Bryant & Stratton College and Cuyahoga Community College Western Campus, provides a skilled workforce for businesses. The city's amenities, such as the University Hospitals Parma Medical Center and West Creek Reservation, also contribute to its appeal. With a population of around 80,000, Parma offers a stable and growing market for industrial properties. The city's attractions, including the Ukrainian Village and Polish Village commercial districts, also make it a great place for business and travel.
Currently, there are 6 industrial properties for sale in Parma, offering a range of options for investors. The average price per square foot is $159 USD, with an average size of 63,143 square feet. The largest property available is 209,300 square feet. In addition to industrial properties, Parma also offers a range of other property types, including warehouses, land, apartment buildings, and commercial real estate. Warehouses in Parma can be found near major transportation hubs, providing easy access to distribution channels. Land for sale in Parma offers opportunities for development and growth. Apartment buildings in Parma provide a range of options for renters, from affordable housing to luxury apartments. Commercial real estate in Parma includes office buildings, retail spaces, and restaurants, catering to the city's growing business community. Overall, Parma offers a diverse range of property types, making it an attractive location for investors and businesses alike.
What is the average price per square foot for industrial properties in Parma?
The average price per square foot for industrial properties in Parma is $159 USD.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in Parma, Ohio, as they directly impact the ease of doing business, accessibility, and overall desirability of a property.
- Proximity to major roads such as West 130th Street, Ridge Road, Broadview Road, I-480, and Pearl Road, as well as the Cleveland Hopkins International Airport, can increase industrial property values by providing easy access to suppliers, customers, and labor markets.
- Industrial properties located near public transportation hubs, such as the Greater Cleveland Regional Transit Authority, can also command higher values due to the convenience and cost savings they offer to employees and customers.
- In Parma, industrial properties with convenient access to amenities like the University Hospitals Parma Medical Center, West Creek Reservation, and Byers Field sports stadium may also see increased values due to the quality of life and services they offer to employees and the surrounding community.
