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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
$3,900,000
Price Per SF
$72.53
Cap Rate
9.43%
NOI
$367,708
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
321’ on Broadway Ave

Amenities

  • Bus Line
  • Signage
Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100

Nearby Major Retailers

Fifth Third Bank
Citizens Bank
Huntington National Bank
PNC Bank

Property Taxes

Property Taxes

Parcel Number
125-26-014
Land Assessment
$86,625
Improvements Assessment
$777,910
Total Assessment
$864,535
  • Listing ID: 37704201

  • Date on Market: 9/17/2025

  • Last Updated:

  • Address: 5841-5857 Broadway Ave, Cleveland, OH 44127

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