5243 Broadway Avenue Cleveland, OH $ 149,900
5243 Broadway Avenue
$ 149,900
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5243 Broadway Avenue

Cleveland, OH, 44127
$ 149,900
Baths0.0

Monthly Estimate*

$ 996

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Studio

Commercial Property for sale in Cleveland, OH

for $149,900. This building was built in 1910 on a lot size of 0.133.

Nestled next to the vibrant new "5115 The Rising" development by the NRP Group, this mixed-use gem boasts two spacious commercial storefronts paired with two apartments above, each spanning around 1200 sq feet, with 2-bedrooms and 1-bath each. Positioned in direct proximity to the Opportunity Corridor, the North Broadway location is PRIMED for future development. The entire building is currently vacant but is in good shape, with numerous updates completed, making it easy for a new owner to come in, finish and occupy the property. An additional bonus is that the property recently earned a lead certification from the City of Cleveland – one less thing to think about! The property presents an enticing investment opportunity, projecting a proforma rent potential of $2700/month. Don't miss your chance to step into this prime piece of real estate ready to seize current and future opportunities!

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Commercial Active

Price

$ 149,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 1,502

Style

Lot Size

0.133

Year Built

1910

Town/City

Cleveland

County/Region

Cuyahoga

MLS | Web ID

5027645

Features
General
Sewer PublicSewer
Heating ForcedAir Gas Radiators
Cooling None
Possession DeliveryOfDeed
Roof Composition Flat
Year Built 1910
Stories 3
Township Cleveland
Levels ThreeOrMore
Property SubType MixedUse
Tax Year 2023
HOA Fee 2 0.0
County Cuyahoga
Net Operating Income 0.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
Directions East of I-77
City Cleveland
View Y/N N
Senior Community Y/N N
High School District Cleveland Municipal - 1809
Lot Size Units Acres
Waterfront Y/N N
Carport Y/N N
Street Name Broadway
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 1502.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 52
Building Area Units SquareFeet
Living Area Units SquareFeet
Standard Status Active
Middle/Junior School District Cleveland Municipal - 1809
Elementary School District Cleveland Municipal - 1809
Year Built Source PublicRecords
Property Sub Type Additional MixedUse
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Interior
Basement Full
Total Stories 2
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Electric On Property Y/N N
Main Level Bathrooms 0
Total Baths 0
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Exterior
Water Source Public
Lot Size Area 0.133
Number of Buildings 1
Spa N
Building Area Total 7230.0
Lot Size Acres 0.133
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 5243
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* Excluded Features
List By
Tal Tamir

Listing Agent

Russell Real Estate Services

Broker

tal@premierclevelandinvesting.com

Email

Affordability Calculator

$1,121
Per Month
89%
11%
0%
Monthly Principal & Interest
$996
Monthly Property Taxes
$125
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4457612 Elementary School
4457721 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/30/2024$149,900 -6.25% Price Down
4/10/2024$159,900 Listed Price

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5243 Broadway Avenue, Cleveland, OH, 44127 is a Commercial Property for sale at $149,900 with a lot size of 0.133. 5243 Broadway Avenue is a studio with 0.0 baths and was built in 1910. The property's zip code is 44127 which is in Cleveland, OH