5462 Broadway AveCleveland, OH 44127

This exceptional mixed-use property at 5462 Broadway Ave, Cleveland, OH 44127, presents a compelling investment opportunity in the Slavic Village area. The 29,196 square foot building, constructed in 1925 and renovated in 2010, sits on a 0.29-acre lot (APN 131-22-089). The property boasts a diverse portfolio of 20 distinct units, offering significant income potential upon completion of renovations. The layout includes three retail storefronts, perfect for local businesses seeking high-visibility locations. Additionally, there are seven to nine office spaces suitable for a variety of professional services, and eight one-bedroom apartments catering to the growing demand for urban living. Currently, the building requires a full rehabilitation, providing a blank slate for a savvy investor to customize and maximize the property's potential. Sold as-is, this property offers a unique chance to add substantial value through renovation in a desirable Cleveland neighborhood. The asking price is $180,000, translating to $6.17 per square foot. This is a prime opportunity for investors seeking a high-return project in a vibrant, up-and-coming area.