Two-Story Mixed-Use Brick
5728 Broadway Ave Cleveland, OH 44127
5728 Broadway Ave, Cleveland, OH, 44127
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For Sale
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Two-story brick mixed-use building with ground-floor retail and upstairs apartment space on a Broadway corridor site.
Property Size17,119 SF
Lot Size0.14 Acres
Price / SF$25.64
Days on Market94
Property Features for 5728 Broadway Ave
General Information
- Standard status
- Active
- Size
- 17,119 SF
- Lot size
- 0.14 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1910
Listing agency
Russell Commercial Advisory
(216) 839-5500
Listed by
Michael Pasadyn Jr · License #OH 2018001645
Source
Crexi
Added: Apr 21 Updated: Jul 22 at 1:58PM Checked: Jul 22 at 1:58PM
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Investment Insights
Based on property information with market context.
This 17,119-square-foot two-story brick mixed-use building was built in 1910 and includes a full basement. The property has ground-floor retail space and an upper-floor apartment unit. The retail tenant has executed a new three-year lease with rent escalation to $5,500 per month in Years 2 and 3. The apartment tenant has been in place for approximately four years on a month-to-month arrangement.
The building is located on Broadway Avenue in Slavic Village. The asset is described as being on the primary commercial corridor through Slavic Village, with walkability and transit access referenced in the remarks. Convenient access to I-77 and I-490 is also noted.
The offering is presented as a stabilized income investment with stabilized NOI of $61,460 and a stabilized cap rate of 14.0% at the asking price, based on the provided remarks. The tenant-pays-all structure is described as limiting owner expenses to taxes, insurance, and reserves, and the remarks state a 17.6% expense ratio.
The building is located on Broadway Avenue in Slavic Village. The asset is described as being on the primary commercial corridor through Slavic Village, with walkability and transit access referenced in the remarks. Convenient access to I-77 and I-490 is also noted.
The offering is presented as a stabilized income investment with stabilized NOI of $61,460 and a stabilized cap rate of 14.0% at the asking price, based on the provided remarks. The tenant-pays-all structure is described as limiting owner expenses to taxes, insurance, and reserves, and the remarks state a 17.6% expense ratio.
Key Highlights
- 17,119 SF mixed‑use brick building on a 6,150 SF lot, built in 1910 with 2 stories plus a full basement (5,872 SF)
- Stabilized NOI of $61,460 (Year 1 NOI: $54,240) with a 14.0% stabilized cap rate at the asking price
- Ground‑floor retail tenant has a new 3‑year lease at $5,000/mo with escalation to $5,500/mo in Years 2–3
Property Analytics
Location Intelligence
Current Use by Public Records
Mattress & Furniture 4 ...
Furniture & Home Goods
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FAQs
What type of property is this?
Mixed-use property - Two-story brick mixed-use building with ground-floor retail and upstairs apartment space on a Broadway corridor site.
Where is this mixed-use property located?
The property is located at 5728 Broadway Ave Cleveland, OH.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: 17,119 SF mixed‑use brick building on a 6,150 SF lot, built in 1910 with 2 stories plus a full basement (5,872 SF); Stabilized NOI of $61,460 (Year 1 NOI: $54,240) with a 14.0% stabilized cap rate at the asking price; Ground‑floor retail tenant has a new 3‑year lease at $5,000/mo with escalation to $5,500/mo in Years 2–3
