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5841-5857 Broadway Ave 53,773 SF 100% Leased Retail Building Cleveland, OH 44127 $4,377,470 ($81.41/SF) 8.40% Cap Rate
Investment Highlights
- Built in 1988 this 53,700 square foot shopping center is well situated at 5841 - 5857 Broadway Avenue in Cleveland, Ohio
- Centrally located with easy access to I-77
- The property features 120 surface level parking spaces across its 2.84 acres of land
Executive Summary
Retail Investment Opportunity -- Cleveland, OH
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
53,773 SF
Building Class
B
Year Built
1988
Price
$4,377,470
Price Per SF
$81.41
Cap Rate
8.40%
NOI
$367,707
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.43
Lot Size
2.84 AC
Zoning
GR
Parking
120 Spaces (1.84 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
Walk Score®
Very Walkable (76)
Nearby Major Retailers
Property Taxes
| Parcel Number | 125-26-014 | Improvements Assessment | $777,910 |
| Land Assessment | $86,625 | Total Assessment | $864,535 |
Property Taxes
Parcel Number
125-26-014
Land Assessment
$86,625
Improvements Assessment
$777,910
Total Assessment
$864,535
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5841-5857 Broadway Ave
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