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    5841-5857 Broadway Ave Cleveland, OH 44146

    For Sale
    Contact for pricing

    53,700 SF shopping center on 2.84 acres.

    Property size:
    53,700 SF
    Lot size:
    2.84 Acres

    Property Features for 5841-5857 Broadway Ave

    General Information

    Size
    53,700 SF
    Lot size
    2.84 Acres

    Source: Hanna Commercial Real Estate | Cleveland Agent Randy Markowitz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cleveland Shopping Center For Sale

    Built in 1988, this 53,700 square foot shopping center is located at 5841 - 5857 Broadway Avenue in Cleveland, Ohio. Situated on 2.84 acres, the property includes 120 surface level parking spaces. The location benefits from traffic counts exceeding 18,000 vehicles per day on Broadway, offering convenient commute and access to nearby amenities.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6486241
    Latitude
    41.4657805

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    FAQs

    What type of property is this?
    Shopping center - 53,700 SF shopping center on 2.84 acres.
    Where is this shopping center located?
    The property is located at 5841-5857 Broadway Ave Cleveland, OH.
    What are key features of this property?
    This property features: - High traffic count of 18,000+ vehicles per day (VPD) on Broadway Avenue.; - Large 53,700 square foot shopping center.; - Ample parking with 120 surface level spaces.
    (216) 861-7200
    Request Owner's contact information
    5841-5857 Broadway Ave Cleveland, OH 44146
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5841-5857 Broadway Ave Cleveland, OH 44146
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