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    740-750 Prospect Ave E Cleveland, OH 44115

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    For Lease
    $22 SF/Yr ($5,824 /Mo)

    High-visibility retail space in Cleveland's Gateway District.

    Property size:
    3,177 SF
    Lot size:
    0.16 Acres

    Property Features for 740-750 Prospect Ave E

    General Information

    Size
    3,177 SF
    Lot size
    0.16 Acres

    Source: Cresco Real Estate | Cleveland Agent Rico A. Pietro, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Cleveland Retail Space Available

    This 3,177 square feet retail space is located in Downtown Cleveland’s Gateway District. The space offers a turnkey boutique fitness or wellness opportunity. It benefits from high visibility and is situated immediately adjacent to Rocket Arena and Progressive Field, attracting over 8 million visitors per year. The surrounding area features a mix of retail and restaurant establishments, including Buffalo Wild Wings, Bank of America, Southern Tier Brewery, and Barrio. The location benefits from a strong daytime and nighttime population, driven by over 42,000 employees and 48,810 residents in Downtown Cleveland. The property offers an excellent branding opportunity with two prominent signage placements on both Prospect Ave and Huron Road.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6871858
    Latitude
    41.4985623

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    FAQs

    What type of property is this?
    Retail space - High-visibility retail space in Cleveland's Gateway District.
    Where is this retail space located?
    The property is located at 740-750 Prospect Ave E Cleveland, OH.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility 3,177 SF retail space in Downtown Cleveland's Gateway District.; - Turnkey opportunity for a boutique fitness or wellness business.; - Immediately adjacent to Rocket Arena and Progressive Field (over 8 million visitors per year).
    (216) 520-1200
    Request Owner's contact information
    740-750 Prospect Ave E Cleveland, OH 44115
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    Cleveland, OH 44115
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    740-750 Prospect Ave E Cleveland, OH 44115
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