MLS#5166853
STATUSActive
PROPERTY TYPECommercial - Business
SUBDIVISIONCaleb & Mary D Morgans
SCHOOLCleveland Municipal - 1809
Property 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 Features
Property Type: Commercial - Business
Heating: Hot Water, Steam
Lot Size: 0.99 Acres
Taxes: $10,879 / year
Year Built: 1915
Feature Descriptions
Days on Site: 157
Parcel#: 123-23-026
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
Listed By / Shown By
Listed By
Agency Name: Russell Real Estate Services
Agency Contact: tal@premierclevelandinvesting.com, 216-870-8687
Shown By
Agent Name: Nathan Stallard
Agent Phone: (330) 421-4827
Agency Title: M.C. Real Estate
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5217 Broadway Avenue | MLS# 5166853
This commercial property located at 5217 Broadway Avenue, Cleveland, OH 44127 is currently listed for sale with an asking price of $900,000. Broadway Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on nstallard.mcrealestateohio.com today.