5040 Broadway Avenue
Cleveland, OH, 44127 $ 300,000
Baths0.0 Monthly Estimate*
$ 1,847
Studio for $300,000. The lot size is 1.052.
Vacant commercial and residential lots prominently located on and in close proximity to 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. 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: six vacant lots bundled together at a reasonable price—delivering the value of 6 lots for the price of one in an up-and-coming neighborhood with serious growing momentum! Perfect for developers, investors, or owner-users seeking high-visibility exposure in a transforming urban market. 2. E.49th Street, Cleveland, OH 44127 / Parcel# 123-30-047 3. E. 49th Street, Cleveland, OH 44127 / Parcel# 123-30-045 4. E. 49th Street, Cleveland, OH 44127/ Parcel# 123-30-044 5. Dolloff Road, Cleveland, OH 44127 / Parcel# 123-30-090 6. 4921 Dolloff Road, Cleveland, OH 44127 / Parcel# 123-30-056
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FeaturesGeneralSewer Public Sewer
Possession Delivery Of Deed
Township Cleveland
Property Subtype Commercial
Tax Year 2025
Additional Parcels Description 123-30-047 123-30-045 123-30-044 123-30-090
County Cuyahoga
Property Type Land
HOA false
Attached Garage false
Subdivision Name Phineas Dolloff's Allotment
Status Active
Directions Broadway Avenue close to the corner of Preshing and Broadway
City Cleveland
Disclosures Principal is Real Estate Licensed
High School District Cleveland Municipal - 1809
Lot Size Units Acres
Tax Annual Amount 1130.33
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Cleveland Municipal - 1809
Elementary School District Cleveland Municipal - 1809
Property Sub Type Additional Commercial
Legal Description 324 SL 28 29 30 0026 12330011 & 12330012 12330055
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InteriorMain Level Bathrooms 0
Total Baths 0
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ExteriorParking Features Asphalt None
Water Source Public
Lot Size Area 1.052
Lot Size Acres 1.052
Lot Size Source Assessor
Number of Lots 6
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* Excluded FeaturesList ByCourtney E RedicListing Agent
Keller Williams Greater Cleveland NortheastBroker
Courtney.Redic@kw.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,847
- Monthly Property Taxes
- $94
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Cleveland, OH
Average List Price $49,525
Percent of Sale Price 83%
About Cleveland, OH 372,504 Population
-22% Since 2002
$ 27,719 Median Income
37.02 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
4457981 Elementary School
4457986 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/20/2026 | $300,000 | 50.00% | Price Up |
| 1/14/2026 | $200,000 | | Listed Price |