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4786 Roosevelt Blvd, Unit Middletown OH USA Middletown, OH 45044

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

Property size:
26,968 SF
Lot size:
2.10 Acres

Property Features for 4786 Roosevelt Blvd

General Information

Standard status
Active
Size
26,968 SF
Lot size
2.10 Acres

Building Details

Year built
1985

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Listing Contact
Chris Prosser, Ccim
Source: Crexi

Listing Agency: CBRE - Cincinnati Listing Agent: Chris Prosser, Ccim

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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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

Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Pharmacy Nail Salon Department Store

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

Similar Places Nearby

Coinstar Kiosk - Bitcoin ATM

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, Unit Middletown OH USA Middletown, OH.
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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