5217 Broadway AvenueCleveland, OH 44127

Description

Rare one-acre redevelopment opportunity in Cleveland’s urban core! This unique offering combines six site-assembled parcels totaling approximately 1.01 acres (.86 + .15), zoned Local Retail Business (LR-C2). Perfectly positioned adjacent to NRP Group’s brand-new 5115 The Rising community, featuring 88 affordable apartment and townhome units. Enjoy excellent access and visibility with close proximity to I-77, I-490, and direct connection to the $350M Opportunity Corridor, offering seamless access to Downtown Cleveland and just 10 minutes to the Cleveland Clinic and University Circle. Two buildings—5311 Magnet and 5243 Broadway—are currently occupied with an attached rent roll, providing immediate income potential while planning redevelopment. A truly rare chance to invest in Cleveland’s next wave of urban revitalization!

Property Information

Property type

Commercial Sale

Sub-type

Mixed Use

Year built

1915

Building area

91,086 Sq Ft

Lot size

0.99 acres

Days on market

350

MLS^® Listing#

5166853

Property Features

Heating

Hot Water · Steam

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$10,879Tax year 2024

Parcel number

123-23-026

Directions

Downtown Cleveland. East of I-77.