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Prime Retail Space in Cleveland
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1401 Prospect Ave, Cleveland, OH 44115

Retail or restaurant space with excellent access and high visibility.

Space Size3,257 SF
Days on Market765

Property Features for 1401 Prospect Ave

General Information

Standard status Active
Size 3,257 SF
Property subtype RETAIL

Site & Location

Neighborhood Gateway District

Spaces For Lease

at 1401 Prospect Ave
1401 Prospect Ave AVAILABLE, Now
Floor 1
Size 3,257 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- Available for lease high visibility retail or office space - Located in the vibrant Playhouse Square District - Excellent branding/ signage opportunity - 110’ of frontage along Prospect Avenue - Parking available in the surface lot catty corner to building - On-site fitness center. Access to K&D Group additional portfolio amenities such as conference facilities and event spaces
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Listing Agency: CBRE | Cleveland
Listed By: Vince Mingo · License #2019001372
Source: Moodyscre
Added: Sep 19, 2024 Changed: Oct 23 Last Checked: Oct 23 at 5:48AM

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 CBRE | Cleveland

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

The property at 1401 Prospect Avenue offers 3,257 square feet of space suitable for retail or restaurant use. The location provides convenient access from all parts of Cleveland via car, public transit, bicycle, and walking. Its proximity to major traffic drivers and retail zones positions it well for various retail or restaurant concepts.

Key Highlights

  • Unbeatable access from all parts of Cleveland via all modes of transportation.
  • Close proximity to Cleveland’s biggest traffic drivers.
  • Close proximity to Cleveland’s most bustling retail zones.

Property Analytics

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Open Analytics

Current Use

The Residences at Hanna Apartment Complex

Suggested Use

Top Pick Plumbing Service Kitchen & Bath Showroom Locksmith Home Appliance Store Butcher (Bike/Boat/Book/etc) Store

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

5,041
Businesses Nearby

Demographics for 44115, OH

8,985
Population
5,691
Households
1.6
Avg Household Size
27
Median Age
34%
College-Educated
86%
High-School Grad
2.1 sq mi
ZIP Area
4,279
Density / Sq Mi
$21,293
Median Household Income
$27,515
Median Earnings
$850
Median Rent
$151,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Cleveland, OH

$16.91 /SF/Yr
Avg Asking Price
$3.61–$30 /SF/Yr
Price Range
16,670 SF
Avg Space Size

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

Frequently Asked Questions

What type of property is this?
Retail space - Retail or restaurant space with excellent access and high visibility.
Where is this retail space located?
The property is located at 1401 Prospect Ave Cleveland, OH.
What are key features of this property?
This property features: Unbeatable access from all parts of Cleveland via all modes of transportation.; Close proximity to Cleveland’s biggest traffic drivers.; Close proximity to Cleveland’s most bustling retail zones.
(216) 535-0188 Call to check price and availability
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