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Corner Retail Space with Parking
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2966 E 116 ST, Cleveland, OH 44120

Retail space with 260+ feet of frontage, ample parking, and a corner traffic-light location.

Space Size9,324 SF
Lot Size0.90 Acres
Days on Market357

Property Features for 2966 E 116 ST

General Information

Standard status Active
Size 9,324 SF
Net Rentable 9,324 SF
Lot size 0.90 Acres
Property subtype RETAIL

Space & Availability

Available Space 9,324 SF
Contiguous Space 9,324 SF
Listing Agency: Hanna Commercial Real Estate | Cleveland
Listed By: Vincenzo Calabrese · License #2020004495
Source: Moodyscre
Added: Aug 12, 2025 Changed: Jul 29 Last Checked: Aug 3 at 11:58AM

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 Hanna Commercial Real Estate | Cleveland

Investment Insights

Based on property information with market context.

This retail space offers 9,324 square feet situated on 0.9 acres, with 260+ feet of frontage and ample on-site parking. The property is configured for retail use and benefits from its corner placement.

The site sits at a prime corner with a traffic light, and the area is described as supporting over 12,000 vehicles per day.

The offering includes the combination of large frontage, parking, and an accessible corner location intended to support straightforward customer access.

Key Highlights

  • Retail space totaling 9,324 SF on 0.9 acres
  • Corner location with a traffic light
  • 260+ ft of frontage

Property Analytics

Current Use

Dollar General Discount Store Western Union Bank

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Kitchen & Bath Showroom HVAC Service Big Box & Wholesale 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

644
Businesses Nearby

Demographics for 44120, OH

34,611
Population
20,583
Households
1.7
Avg Household Size
40
Median Age
37%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
6,656
Density / Sq Mi
$46,326
Median Household Income
$36,549
Median Earnings
$890
Median Rent
$115,700
Median Home Value

Market

Lease Benchmarks for Cleveland, OH

$16.73 /SF/Yr
Avg Asking Price
$0.58–$30 /SF/Yr
Price Range
9,313 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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space with 260+ feet of frontage, ample parking, and a corner traffic-light location.
Where is this retail space located?
The property is located at 2966 E 116 ST Cleveland, OH.
What are key features of this property?
This property features: Retail space totaling 9,324 SF on 0.9 acres; Corner location with a traffic light; 260+ ft of frontage
(216) 861-5286 Call to check price and availability
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