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    3922 Prospect Ave Cleveland, OH 44115

    For Lease
    $7 SF/Yr ($12,000 /Mo)

    20,000 SF Industrial Space Available

    Lot size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 20,000-square-foot flex space at 3922 Prospect Avenue E in Cleveland, Ohio, presents a unique opportunity for businesses seeking a versatile and strategically located industrial property. Situated on a half-acre lot in Cuyahoga County, this Light Industrial zoned building offers a clean, private, and secure environment. The property features 10,000 square feet of warehouse space on the ground floor and an additional 10,000 square feet on the second floor, easily accessible via a freight elevator. The entire 20,000 square feet is currently vacant and available for lease as a single unit. Tenancy is multiple, allowing for potential sub-leasing opportunities. The property boasts convenient access from Prospect Avenue, along with fenced-in secured parking and a loading dock, ensuring efficient operations and security. This prime location in Midtown Cleveland offers excellent visibility and accessibility, making it an ideal choice for a variety of businesses. The minimum divisible space is 10,000 square feet, with a maximum contiguous space of 20,000 square feet. The zip code is 44115.

    Property Features for 3922 Prospect Ave

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF
    Total Rate
    12000

    Unit(s) available at that property

    Space
    Available Space
    Size
    20,000 SF
    Rate per SF
    $7

    HighLights

    • 20,000 SF flex space available for lease in Midtown Cleveland, OH.
    • Secure, fenced parking and loading dock.
    • Excellent Midtown Cleveland location with high visibility.
    • Freight elevator servicing 10,000 SF warehouse space on each floor.
    • Ground‑level and dock access.
    • 14' clear height.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.658507
    Latitude
    41.501757

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    FAQs

    What type of property is this?
    Flex space - 20,000 SF Industrial Space Available
    Where is this flex space located?
    The property is located at 3922 Prospect Ave Cleveland, OH.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: 20,000 SF flex space available for lease in Midtown Cleveland, OH.; Secure, fenced parking and loading dock.; Excellent Midtown Cleveland location with high visibility.
    Request Owner's contact information
    3922 Prospect Ave 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
    3922 Prospect Ave Cleveland, OH 44115
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