5402 State Road, Parma, OH 44134

Property Description

Welcome to 5402 State Rd., an iconic mixed-use property nestled in the vibrant heart of Parma’s Ukrainian Village, one of the city’s most historic and culturally rich corridors. Offered to the public for the first time in over 100 years, this property has been lovingly stewarded by the same family for generations, an opportunity as rare as it is remarkable. From the moment you arrive, the timeless brick façade, large display windows, and classic storefront architecture capture your attention, offering unmatched visibility along this high-traffic stretch of State Road. A fenced-in backyard with private rear parking adds both function and security, making this building stand out among neighboring mixed-use properties. Inside, versatility is the hallmark of this nearly century-old landmark. The structure hosts two street-level retail spaces and up to three residential units, creating an ideal investment for those seeking multiple revenue streams under one roof. The apartments include two spacious three-bedroom, one-bath layouts, each featuring generous natural light, tall ceilings, and the character only found in early-20th-century construction. The third unit, an efficiently designed one-bedroom, one-bath space, offers additional flexibility for tenants seeking an affordable entry into the neighborhood. For more than five decades, one storefront has proudly served as home to a beloved neighborhood barber, a testament to both the property’s stability and its enduring connection to the community. The adjacent commercial space is currently undergoing renovation, presenting a blank canvas for your creative vision, whether for retail, office, boutique services, or specialty uses that complement the surrounding district. This is more than real estate, it’s a chance to own a piece of Parma’s living history. Step into 5402 State Rd. and continue the legacy of craftsmanship, care, and community that has defined this property since 1910.