5217 Broadway AvenueCleveland, OH 44127

5217 Broadway AvenueCleveland, OH 44127

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$950,000 Active
Commercial - Business MLS 5166853
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Listed By

Agency Name: Russell Real Estate Services
Agency Contact: tal@premierclevelandinvesting.com, 216-870-8687

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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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!

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 $950,000. Broadway Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 486royeravenuenw.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Heating: Hot Water, Steam
Lot Size: 0.99 Acres
Taxes: $10,879 / year
Year Built: 1915

Feature Descriptions

Parcel#: 123-23-026
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 5217 Broadway Avenue, Cleveland, OH 44127
Fips
Fips Code 39035
Population
2020 to 2023 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2023 Estimate (V2023) 1,233,088
2020 Estimate (V2023) 1,264,775
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 20.3%
18 to 64 54.8%
65 and Older 19.6%
Gender
Male 48.1%
Female 51.9%
Place of Birth
Foreign 7.6%
US 92.4%
Education
High School Graduate, Age 25+ 90.9%
Bachelor's Degree or Higher, Age 25+ 35.2%
Computer and Internet use
Households with a computer 92.0%
Households with a broadband Internet subscription 85.7%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 60,427
Income
Per Capita Income $39,807
Median Household Income $60,074
People in Poverty 16.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 552,421
Average Household Size 2.23
Owner-Occupied 58.4%
Multi-Family 34.9%
Owner-Occupied Median Value $168,700
Median selected monthly owner costs -with a mortgage $1,472
Median selected monthly owner costs -without a mortgage $630
Median gross rent $952
Building Permits
New Private Housing Issued 2023 1,028
Years at Residence
1 Year or More 86.1%
Less Than 1 Year 13.9%
Business and Employment
Private non-farm Establishments 31,738
Private non-farm Employment 631,443
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 105,877
Number of Firms 114,192
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau

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