5040 Broadway Avenue, Cleveland, OH 44127 - $300,000

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  • Sq. Feet: 0
  • Days on Site: 78
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5040 Broadway Avenue, Cleveland, OH 44127
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Comments for 5040 Broadway Avenue, Cleveland, OH 44127

Vacant commercial and residential lots prominently located on and in close proximity to Broadway Avenue in the heart of Cleveland's revitalizing Slavic Village/Broadway Historic District. This level, cleared site offers excellent frontage along a major arterial roadway with strong daily traffic counts, serving as a key corridor connecting downtown Cleveland to the southeast suburbs. Zoned for commercial uses (general retail, service, mixed-use potential ? buyer to verify with City of Cleveland Planning), the property is ideally suited for retail development, fast-casual restaurant, medical/office, convenience store, auto-related services, or mixed-use with residential above. Proximity to I-77/I-480 corridor provides quick access to downtown (under 10 minutes), major employers, and regional highways. The area is experiencing renewed investment, including recent mixed-use projects, streetscape improvements, transit-oriented development plans, and community revitalization efforts by Slavic Village Development. Don't miss this rare infill opportunity: six vacant lots bundled together at a reasonable price?delivering the value of 6 lots for the price of one in an up-and-coming neighborhood with serious growing momentum! Perfect for developers, investors, or owner-users seeking high-visibility exposure in a transforming urban market. 2. E.49th Street, Cleveland, OH 44127 / Parcel# 123-30-047 3. E. 49th Street, Cleveland, OH 44127 / Parcel# 123-30-045 4. E. 49th Street, Cleveland, OH 44127/ Parcel# 123-30-044 5. Dolloff Road, Cleveland, OH 44127 / Parcel# 123-30-090 6. 4921 Dolloff Road, Cleveland, OH 44127 / Parcel# 123-30-056

$300,000

Estimated Monthly Payment: $849.34 (including taxes & insurance estimates)

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Property Details

City: ClevelandProperty Type: Land - Commercial
Subdivision: Phineas Dolloffs AllotmentLot Size: 1.05 Acres
School District: Cleveland Municipal - 1809Taxes: $1,130
Status: ActiveMLS#: 5181257

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Property Features

Property Type: Land - CommercialParking: Asphalt, None
Days on Site: 78Sewer: Public Sewer
Lot Size: 1.05 AcresTaxes: $1,130
Parcel#: 123-30-010Water: Public

School Information

School District: Cleveland Municipal - 1809

Listed By

Agency Name: Keller Williams Greater Cleveland Northeast
Agency Contact: Courtney.Redic@kw.com, 216-276-8472

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 555-555-5555

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  • Demographics
  • Walk Score

Cuyahoga County Demographic Information

Fips
Fips Code39035
Population
2020 to 2023 Changedown 2.5%
2010 Count1,280,122
2020 Count1,264,817
2023 Estimate (V2023)1,233,088
2020 Estimate (V2023)1,264,775
Age Distribution (Years Old)
0 to 45.3%
5 to 1720.3%
18 to 6454.8%
65 and Older19.6%
Gender
Male48.1%
Female51.9%
Place of Birth
Foreign7.6%
US92.4%
Education
High School Graduate, Age 25+90.9%
Bachelor's Degree or Higher, Age 25+35.2%
Computer and Internet use
Households with a computer92.0%
Households with a broadband Internet subscription85.7%
Language
English is Second Language, Age 5+12.3%
English is First Language, Age 5+87.7%
Veterans
Veterans60,427
Income
Per Capita Income$39,807
Median Household Income$60,074
People in Poverty16.6%
Commute
Average Work Commute Time24 minutes
Housing
Total Housing Units615,116
Households552,421
Average Household Size2.23
Owner-Occupied58.4%
Multi-Family34.9%
Owner-Occupied Median Value$168,700
Median selected monthly owner costs -with a mortgage$1,472
Median selected monthly owner costs -without a mortgage$630
Median gross rent$952
Building Permits
New Private Housing Issued 20231,028
Years at Residence
1 Year or More86.1%
Less Than 1 Year13.9%
Business and Employment
Private non-farm Establishments31,738
Private non-farm Employment631,443
Private non-farm Employment Growthup 0.7%
Nonemployer Establishments105,877
Number of Firms114,192
Business Production
Value of Shipments$23,225,392,000
Wholesale Trade$24,854,217,000
Retail Trade$16,920,714,000
Retail Sales Per Capita$11,914
Accommodation and Food Services$3,332,698,000
Land
Land Area457.19 sq. miles
Population Per Square Mile2,800

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