Ground-Level Retail
For Lease
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700 Prospect Avenue East, Cleveland, OH 44115
Ground-floor retail space with potential for outdoor seating along Prospect Avenue in downtown Cleveland.
Space Size4,932 SF
Days on Market47
Property Features for 700 Prospect Avenue East
General Information
Standard status
Active
Size
4,932 SF
Net Rentable
4,932 SF
Property subtype
Retail
Space & Availability
Available Space
4,932 SF
Contiguous Space
4,932 SF
Floor
Ground
Site & Location
Neighborhood
Gateway District
Listing Agency:
CBRE | Cleveland
Listed By:
Vince Mingo · License #2019001372
(216) 535-0188
Source:
Cbre
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 28 at 7:19AM
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
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Investment Insights
Based on property information with market context.
The 4,932 SF premises occupy the ground level of The Electric Building, a 120-unit residential property. The space is positioned for retail or restaurant use and includes potential for an outdoor seating area or patio along Prospect Avenue.
The property is in downtown Cleveland, minutes from the Sherwin Williams Global Headquarters and within walking distance of House of Blues, Rocket Arena, and Progressive Field. The surrounding area includes restaurants, bars, and nearby luxury apartment buildings, including Skyline 776, The Beacon, and The Garfield. The immediate 3-mile area has a daytime population of 162,814.
The property is in downtown Cleveland, minutes from the Sherwin Williams Global Headquarters and within walking distance of House of Blues, Rocket Arena, and Progressive Field. The surrounding area includes restaurants, bars, and nearby luxury apartment buildings, including Skyline 776, The Beacon, and The Garfield. The immediate 3-mile area has a daytime population of 162,814.
Key Highlights
- 4,932 SF ground‑level retail or restaurant space
- Located within The Electric Building, a 120‑unit residential property
- Potential outdoor seating area or patio along Prospect Avenue
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
6,387
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Cleveland, OH
$16.54 /SF/Yr
Avg Asking Price
$3.61–$30 /SF/Yr
Price Range
16,721 SF
Avg Space Size
Vacancy Rate% for Retail in Cleveland, OH
Frequently Asked Questions
What type of property is this?
Retail space - Ground-floor retail space with potential for outdoor seating along Prospect Avenue in downtown Cleveland.
Where is this retail space located?
The property is located at 700 Prospect Avenue East Cleveland, OH.
What are key features of this property?
This property features: 4,932 SF ground‑level retail or restaurant space; Located within The Electric Building, a 120‑unit residential property; Potential outdoor seating area or patio along Prospect Avenue
