Broadway Redevelopment Opportunity FOR SALE


Cleveland, OH - North Broadway
$950,000 USD
440-526-9400
, Cleveland, OH for Sale
$950,000 USD
FOR SALE
1/55
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Broadway Redevelopment Opportunity
Cleveland, OH
North Broadway


HIGHLIGHTS

  • 6 site-assembled parcels
  • ~1.01 acres (0.86 + 0.15) zoned Local Retail Business (LR-C2)
  • Adjacent to NRP Group’s brand-new 5115 The Rising community (88 affordable units)
  • Direct connection to the $350M “Opportunity Corridor”
  • 2 income-producing buildings (5311 Magnet & 5243 Broadway) provide cash flow during redevelopment planning

OVERVIEW

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!

ASK ABOUT THIS PROPERTY

Ted ShoafRussell Real Estate ServicesMore Info
440-526-9400

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Ted ShoafRussell Real Estate ServicesMore Info
440-526-9400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.