Parma, Ohio, a city located on the southern edge of Cleveland, offers a unique opportunity for investors to capitalize on the growing demand for warehouses. With a strong focus on safety and a growing commercial sector, Parma has become an attractive location for businesses looking to establish a presence in the region. Warehouses in Parma offer a range of investment opportunities, from small, family-owned businesses to larger companies like General Motors and Cox Cable. 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 to draw from. With its rich history, diverse economy, and strong infrastructure, Parma is an ideal location for investors looking to purchase a warehouse.
Currently, there are 3 warehouses for sale in Parma, offering a range of options for investors. The average price per square foot for these warehouses is $247 USD, with an average size of 73,704 square feet. The largest warehouse available is 209,300 square feet. In addition to warehouses, Parma also offers a range of other commercial properties, including industrial properties, land, residential income homes, and commercial real estate. Industrial properties in Parma offer a range of opportunities for businesses looking to establish a manufacturing or distribution presence in the region. Land for sale in Parma provides investors with the opportunity to develop their own commercial or residential projects. Residential income homes in Parma offer a range of investment opportunities for those looking to capitalize on the city's growing rental market. Commercial real estate in Parma, including properties like The Shoppes at Parma, Ukrainian Village, and Polish Village, provides a range of options for businesses looking to establish a retail or office presence in the region. With its diverse economy, strong infrastructure, and range of investment opportunities, Parma is an ideal location for businesses and investors alike.
What are the key features investors look for in warehouses in Parma?
When searching for warehouses in Parma, investors typically look for key features that ensure a strong return on investment, including:
- Location: Proximity to major transportation hubs like the Cleveland Hopkins International Airport and easy access to highways like I-480, which can facilitate efficient logistics and supply chain management.
- Space and amenities: Warehouses with ample square footage, such as those with an average size of 73,704 square feet, and amenities like loading docks, high ceilings, and ample parking can accommodate a variety of business needs.
- Financial performance: Investors often seek warehouses with a strong potential for rental income, such as those with an average cap rate of , to ensure a stable and profitable investment.
What size warehouses are available to buy in Parma?
Warehouses available for sale in Parma range in size from approximately 2,324 square feet to 209,300 square feet, with an average size of 73,704 square feet.
How much does it cost to buy a warehouse in Parma?
The cost to buy a warehouse in Parma can vary depending on factors such as size and location, but currently, there are 3 available listings with an average price per square foot of $247 USD and an average size of 73,704 square feet, with the largest warehouse available being 209,300 square feet.
