Two-Tenant Shopping Center
4786 Roosevelt Blvd Middletown OH USA, Middletown, OH 45044
Value-add opportunity in a high-growth Cincinnati MSA corridor.
Type:Retail
Property size:
26,968 SFPrice / SF:
$100/SF- Added:
- Mar 18, 2026
- Days on Market:
- 55
- 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
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
HighLights
- 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.
- Secured by two leases, including an operating Harbor Freight.
- Potential immediate upside through lease buyout and re‑tenanting of the dark Oak Street Health space.
- Oak Street Health lease includes annual 2% base rent increases beginning in Year 2.
Overview
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
Similar Places Nearby
- Coinstar Kiosk - Bitcoin ATM — Kroger - Cincinnati, 3033 Heritage Green Dr, Monroe, OH 45050
Location Insight
- Map
- Local Demand
- City
- Middletown
- County
- Butler
- State
- Ohio
- Longitude
- -84.3839
- Latitude
- 39.447
Nearby Similar for Sale
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.
