$850,000
About this home
Rare one-acre redevelopment opportunity in Cleveland’s urban core! This unique offering combines six site-assembled parcels totaling approximately 1.01 acres (.86 + .15), zoned Local Retail Business (LR-C2). Perfectly positioned adjacent to NRP Group’s brand-new 5115 The Rising community, featuring 88 affordable apartment and townhome units. Enjoy excellent access and visibility with close proximity to I-77, I-490, and direct connection to the $350M Opportunity Corridor, offering seamless access to Downtown Cleveland and just 10 minutes to the Cleveland Clinic and University Circle. Two buildings—5311 Magnet and 5243 Broadway—are currently occupied with an attached rent roll, providing immediate income potential while planning redevelopment. A truly rare chance to invest in Cleveland’s next wave of urban revitalization!
Property details
- MLS #
- 5166853
- Property type
- MixedUse
- Subdivision
- Caleb & Mary D Morgans
- Status
- Active
- Days on market
- 273
- On market date
- N/A
- Stories
- N/A
- Garage spaces
- N/A
- Lot size
- 0.991 acres
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 400
- Student:teacher ratio
- 19.0:1
- District
- Broadway Academy
- Enrollment
- 176
- Student:teacher ratio
- 17.6:1
- District
- Cuyahoga Heights Local
- Enrollment
- 27
- Student:teacher ratio
- 4.5:1
- District
- George V. Voinovich High School
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 22 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.