5217 Broadway AVE, Cleveland, OH 44127
5217 Broadway AVE, Cleveland, OH 44127
5217 Broadway AVE, Cleveland, OH 44127
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$850,000
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0.99 Acres Lot
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5217 Broadway AVE Cleveland, OH 44127

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Lorrie Raymond

Lorrie Raymond

+1(740) 381-7793

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Caleb & Mary D Morgans

MLS Listing ID 5166853

HOA Y/N No

Year Built 1915

Annual Tax Amount $10,879

Tax Year 2024

Lot Size 0.991 Acres

Acres 0.991

Property Sub-Type Mixed Use

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!

Location

State OH

County Cuyahoga

Interior

Heating Hot Water, Steam

Fireplace No

Exterior

Water Access Desc Public

Present Use Multi-Family,Residential,Single Family

Building

Sewer Public Sewer

Water Public

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 123-23-026

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com, 216-870-8687

NEARBY SCHOOL & BUSINESS

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Lorrie Raymond

Lorrie Raymond

OH/REALTOR®, Steubenville manager, WV/Salesperson | License ID: SAL.2018004006, WVS230302470

+1(740) 381-7793

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