5841 Broadway Ave

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5841 Broadway Ave

cleveland, OH 44127
Asking Price
$3.90M
Asset Type
Retail
Class
Class B

What's Special

5841 Broadway Avenue is located in the Slavic Village neighborhood, southeast of downtown Cleveland. The property sits along a commercial corridor characterized by a mix of local businesses, residential pockets, and community institutions. The area is served by several regional bus lines operated by the Greater Cleveland Regional Transit Authority, providing direct access to the central business district. Interstate 77 is positioned approximately one mile west of the site, connecting the property to the broader regional highway network. Neighborhood amenities in the immediate vicinity include public parks, grocery stores, and various local service providers. The property is suited for retail operations seeking visibility within an established urban neighborhood. Potential use cases include convenience retail, small-scale specialty shops, or service-oriented businesses such as hair salons and laundromats. The footprint accommodates tenants that rely on local foot traffic and a steady volume of commuters using the Broadway Avenue transit corridor. Typical occupants for this asset type often include independent storefront retailers or neighborhood service providers catering to the surrounding residential density. The layout provides a functional space for businesses requiring street-front presence and accessibility for local customers.

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NOI
$80,000
Cap Rate
2.05%
DSCR
0.35
Underwater
Cash-on-Cash
-12.95%
Monthly Payment
$19,295.072
Annual Cash Flow
$-151,540.865

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