Listing Agency: Hanna Commercial Real Estate | Cleveland Show Phone

Listed By: Randy Markowitz · License #SAL.0000323516

Source: Moodyscre

Added: Sep 25, 2025 Changed: Aug 9 Last Checked: Aug 23 at 7:44AM

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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.

Property Analytics

Property Profile

Current Use

Shopping centers

Suggested Use

Top Pick Hair Salon Real Estate Agency Nail Salon Spa & Massage Center Dental Office Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

721

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Retail in Cleveland, OH

5.6% 2019

8.5% 2020

7.2% 2021

6.9% 2022

6.7% 2023

6.9% 2024

7.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

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 is the asking price?

The asking price for this property is $3,900,000.

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.