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4786 Roosevelt Blvd Middletown OH USA Middletown, OH 45044

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For Sale
$2,700,000

Value-add opportunity in a high-growth Cincinnati MSA corridor.

Type:Retail
Property size:
26,968 SF
Added:
Mar 18, 2026
Days on Market:
15
Last Refresh:
Mar 20 at 12:16 am

Property Features for 4786 Roosevelt Blvd Middletown OH USA

General Information

Standard status
Active
Size
26,968 SF
Property subtype
Retail

Building Details

Year Built
1985

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Listing Contact
Chris Prosser, CCIM

Listing agent Chris Prosser, CCIM License #OH SAL.0000443707

Listing office CBRE - Cincinnati

Listing date Mar 18, 2026

Source Crexi

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 - Cincinnati


Overview

Two-Tenant Shopping Center Investment

Park East Plaza is a two-tenant shopping center located in Middletown, Ohio, within the Cincinnati MSA. The property offers a value-add component and is positioned at a discount to replacement cost, priced at $102 per square foot. Situated on the State Route 122 exit off I-75, the location lies between Cincinnati and Dayton, in a growth corridor of Southwest Ohio. The property is near several commercial developments, including the planned redevelopment of the Towne Mall, with demolition scheduled for 2026. This redevelopment is expected to strengthen the retail fundamentals in the submarket, benefiting Park East Plaza. The asset is secured by two leases: an operating Harbor Freight and a leased, but currently dark, Oak Street Health. The Oak Street Health lease presents potential upside through a lease buyout and re-tenanting. The Oak Street lease, signed in January 2025, has an initial 12-year term with annual 2% base rent increases beginning in Year 2.
Location Intelligence

Current Use by Public Records

Shopping centers

Suggested Use

Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Building Supply Nail Salon Gym & Fitness Center Accounting Firm

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

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Location Insight

  • Map
  • Local Demand
City
Middletown
County
Butler
State
Ohio
Longitude
-84.3839
Latitude
39.447

FAQs

What type of property is this?
Shopping center - Value-add opportunity in a high-growth Cincinnati MSA corridor.
Where is this shopping center located?
The property is located at 4786 Roosevelt Blvd Middletown OH USA Middletown, OH.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Value‑add opportunity at a substantial discount to replacement cost of $102 per square foot.; Located in a strong growth corridor in Southwest Ohio, off I‑75 between Cincinnati and Dayton.; Benefit from the redevelopment of the Towne Mall scheduled for demolition in 2026, strengthening retail fundamentals.
More about this property
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