Commercial at 5040 Broadway Avenue, Cleveland
1 photo

$25,000

5040 Broadway Avenue
Cleveland, OH 44127
Listed by Courtney E Redic · Keller Williams Greater Cleveland Northeast
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

Link to the auction is https://www.auction.com/details/5040-broadway-avenue-cleveland-oh-2109988. 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. There will also be 5 additional lots included with this sale.                                               1. E.49th Street, Cleveland, OH 44127 / Parcel# 123-30-047                                       2. E. 49th Street,Cleveland, OH 44127 / Parcel# 123-30-045                                       3. E. 49th Street, Cleveland, OH 44127/ Parcel# 123-30-044                                       4. Dolloff Road, Cleveland, OH 44127 / Parcel# 123-30-090                                      5. 4921 Dolloff Road, Cleveland, OH 44127 / Parcel# 123-30-056 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!

Property details

MLS #
5229779
Property type
Commercial
Subdivision
Phineas Dolloffs Allotment
Status
Active
Days on market
N/A
On market date
July 22, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.78 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

ElementaryCharter
Broadway Academy
0.41 mi away · Grades 0-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
400
Student:teacher ratio
19.0:1
District
Broadway Academy
Middle
Cuyahoga Hts Middle School
3.12 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
176
Student:teacher ratio
17.6:1
District
Cuyahoga Heights Local
HighCharter
George V. Voinovich High School
0.41 mi away · Grades 10-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
27
Student:teacher ratio
4.5:1
District
George V. Voinovich High School

Walkability

Blended score for Cleveland's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

86
Highly walkable
out of 100
EPA National Walkability Index
15.3 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores5
Parks11
Schools7
Transit stops20
Pharmacies3

Market position

How this listing compares to current activity in Cleveland, from live MLS data.

On the market 0 days -- 48 fewer days than Cleveland's current average of 48 days.
For reference, the median list price across 1,625 active listings in Cleveland right now is $130,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$301/mo
$5,000 down
$20,000 loan
Principal & interest$130
Property tax (est.)$21
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated July 22, 2026.

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.