Two-Story Mixed-Use Brick
For Sale
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5728 Broadway Ave, Cleveland, OH 44127
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$23.37
Days on Market139
Property Features for 5728 Broadway Ave
General Information
Standard status
Active
Size
17,119 SF
Lot size
0.14 Acres
Property subtype
Retail
Zoning
General Retail / Apartment
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Additional Details
Cap Rate
14%
Highway Access
Yes
Multifamily Units
1
Building Details
Year Built
1910
Year Renovated
2017
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Construction
brick
Listing Agency:
Russell Commercial Advisory
Listed By:
Michael Pasadyn Jr · License #OH 2018001645
(216) 839-5500
Source:
Crexi
Added: Apr 21
Changed: Aug 14
Last Checked: Sep 6 at 11:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Russell Commercial Advisory
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
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
Explore this area
Business Placement
Demographics for 44127, OH
4,179
Population
2,182
Households
1.9
Avg Household Size
37
Median Age
10%
College-Educated
67%
High-School Grad
1.8 sq mi
ZIP Area
2,322
Density / Sq Mi
$32,955
Median Household Income
$29,000
Median Earnings
$657
Median Rent
$50,600
Median Home Value
Market
Vacancy Rate% for Retail in Cleveland, OH
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Frequently Asked Questions
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 $399,999.
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
