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Mixed-Use Land for Sale in Cleveland, Ohio

5040 Broadway Ave, Cleveland, OH 44127

$200,000
0.78 acres
Active
ago
Est $1,603/mo

Vacant commercial lot prominently located on 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 in an up-and-coming neighborhood with growing momentum - perfect for developers, investors, or owner-users seeking high-visibility exposure in a transforming urban market!

Location

Street address
5040 Broadway Ave
Community
Phineas Dolloff's Allotment
School district
Cleveland Municipal - 1809
Elevation
683 feet
Coordinates
41.471, -81.6557

Directions

Broadway Avenue, close to the corner of Preshing and Broadway

Property details

Lot size
0.78 acres33,977 sq ft
MLS #
NEOHREX 5181257
Posted

Parcels

  • 123-30-010

Legal description

Details and features

Listing

Type
Commercial Sale
Franchise
Keller Williams Realty

Structure

Water
Public
Sewer
Public Sewer

Listing history

DateEventPriceChangeSource
Jan 14, 2026New listing$200,000NEOHREX
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This 0.78-acre property is located at 5040 Broadway Ave in Cleveland, OH 44127. The property is available for sale for $200,000.

Checked 1 hour ago — Updated

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Copyright (C) 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Courtney Redic
Keller Williams Greater Cleveland Northeast
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