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Broadway Redevelopment Opportunity 6 Properties Offered at £709,935 in Cleveland, OH
INVESTMENT HIGHLIGHTS
- 6 site-assembled parcels
- Adjacent to NRP Group’s brand-new 5115 The Rising community (88 affordable units)
- 2 income-producing buildings (5311 Magnet & 5243 Broadway) provide cash flow during redevelopment planning
- ~1.01 acres (0.86 + 0.15) zoned Local Retail Business (LR-C2)
- Direct connection to the $350M “Opportunity Corridor”
EXECUTIVE SUMMARY
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 FACTS
| Price | £709,935 | Number of Properties | 6 |
| Price psf | £5.62 / sq ft | Individually For Sale | 0 |
| Sale Type | Investment | Total Property Size | 126,423 sq ft |
| Status | Active | Total Land Area | 1.64 ac |
| Price | £709,935 |
| Price psf | £5.62 / sq ft |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Property Size | 126,423 sq ft |
| Total Land Area | 1.64 ac |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 5362 Broadway Ave, Cleveland, OH 44127 | Build-to-Rent | 23,784 sq ft | 1920 | - |
| 5311 Magnet Ave, Cleveland, OH 44127 | Build-to-Rent | 8,233 sq ft | 1959 | - |
|
Elgin Furniture
5217 Broadway Ave, Cleveland, OH 44127 |
Industrial | 52,650 sq ft | 1908 | - |
| 5221 Broadway ave, Cleveland, OH 44127 | Light Industrial | 23,715 sq ft | 1915 | - |
| 5225 Broadway ave, Cleveland, OH 44127 | Light Industrial | 13,221 sq ft | 1915 | - |
| 5243 Broadway Ave, Cleveland, OH 44127 | Retail | 4,820 sq ft | 1910 | - |
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Broadway Redevelopment Opportunity
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