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1 Acre of Mixed-Use Land for Sale in Cleveland, Ohio

5040 Broadway Ave, Cleveland, OH 44127

$300,000
1 acre
Active sale
Est $2,117/mo

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

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

Acreage
1.052 acres
MLS #
NEOHREX 5181257
Posted

Property taxes

2025
$1,130

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
Mar 20, 2026Price increase$300,000$100,000 50%NEOHREX
Jan 14, 2026New listing$200,000NEOHREX
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This 1.052-acre property is located at 5040 Broadway Ave in Cleveland, OH 44127. The property is available for sale for $300,000 with a price per acre of $285,171.

Checked 1 hour ago — Updated

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Courtney Redic
Keller Williams Greater Cleveland Northeast
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