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Commercial Real Estate for Sale at 5217 Broadway Avenue in Cleveland, OH for $950,000

Listing data last changed 10/27/2025 - 11:08pm
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5217 Broadway Avenue | Cleveland

$950,000 | 0.0 Sq. Ft.

Rare one-acre redevelopment opportunity in Cleveland\u2019s urban core! This unique offering combines six site-assembled parcels totaling approximately 1.01 acres (.86 \u002B .15), zoned Local Retail Business (LR-C2). Perfectly positioned adjacent to NRP Group\u2019s 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\u20145311 Magnet and 5243 Broadway\u2014are currently occupied with an attached rent roll, providing immediate income potential while planning redevelopment. A truly rare chance to invest in Cleveland\u2019s next wave of urban revitalization! MLSNow 5166853 Directions to property: Downtown Cleveland. East of I-77.

MLS Listing ID: 
MLSNow 5166853
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$950,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Mixed Use
Primary Market Area: 
Cleveland
Address: 
5217 Broadway Avenue, Cleveland, OH 44127
County: 
Cuyahoga
Latitude: 
41.4697230
Longitude: 
-81.6536230
Directions: 
Downtown Cleveland. East of I-77.
Public Remarks: 
Rare one-acre redevelopment opportunity in Cleveland\u2019s urban core! This unique offering combines six site-assembled parcels totaling approximately 1.01 acres (.86 \u002B .15), zoned Local Retail Business (LR-C2). Perfectly positioned adjacent to NRP Group\u2019s 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\u20145311 Magnet and 5243 Broadway\u2014are currently occupied with an attached rent roll, providing immediate income potential while planning redevelopment. A truly rare chance to invest in Cleveland\u2019s next wave of urban revitalization!
Community Information
School District: 
Cleveland Municipal - 1809
Subdivision: 
Caleb \u0026 Mary D Morgans
Building Details
Details about the building on a property.
Year Built: 
1915
Living Area: 
0.0
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Hot Water,Steam
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.99
Lot Size (Area): 
0.99
Public Record
Parcel Number: 
123-23-026
Annual Tax: 
$10,879.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Russell Real Estate Services

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