5217 Broadway Avenue, Cleveland, OH 44127

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!

Listing Status:

Active

Data Last Updated:

April 2, 2026 at 8:20PM

Listing Office:

Russell Real Estate Services : 440-201-9850

Listing Agent:

Tal Tamir : 216-870-8687

MLS ID:

5166853

Interior

• Heating: Hot WaterSteam

Location

• Originating MLS: NOWDD_NORM
• School District: Cleveland Municipal - 1809
• County: Cuyahoga

Lot

• Zoning: 320 MORGAN 0048 ALL123-23-026
• Current Use: Multi-FamilyResidentialSingle Family

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: NOWDD_NORM