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Anchored Shopping Center
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500 Central Ave, Carlisle, OH 45005

Neighborhood retail center with established tenants, maintained systems, and a separate restaurant outparcel.

Property Size43,050 SF
Lot Size9.50 Acres
Days on Market143

Property Features for 500 Central Ave

General Information

Standard status Active
Size 43,050 SF
Lot size 9.50 Acres
Property subtype Retail

Additional Details

Anchor Co-Tenants Dollar General

Building Details

Tenancy Multi
Listing Agency: Marcus & Millichap - Indianapolis
Listed By: Nathan Whalen · License #IN AB21402364
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 1:18PM

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 Marcus & Millichap - Indianapolis

Investment Insights

Based on property information with market context.

Carlisle Center is a 43,050-square-foot shopping center on a 9.5-acre parcel at 500 Central Ave in Carlisle, Ohio. Dollar General anchors the property, with Cassano’s Pizza, Fu Lin Chinese, and Simply Brown Salon occupying additional space. A single-tenant Dairy Queen outparcel is positioned along the south side of the site.

The parking lot was sealed and striped in 2019, and approximately 20,000 square feet of the roof received a new overlay in 2009. The property is located among local businesses and residential development within the Dayton-Cincinnati metropolitan area. Recognizable retailers in the surrounding area include CVS, Speedway, Save-A-Lot, AutoZone, Domino’s Pizza, and Dollar Tree.

Key Highlights

  • 43,050‑square‑foot shopping center on a 9.5‑acre parcel
  • Dollar General serves as the center’s anchor tenant
  • Cassano’s Pizza, Fu Lin Chinese, and Simply Brown Salon occupy additional space

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Restaurant Real Estate Agency Dental Office Law Firm Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

179
Businesses Nearby
17k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 53% Apparel 34% Dining 13%
Dollar General Shops & Services
8,994 visits/mo 0.2 miles
Goodwill Apparel
5,737 visits/mo 0.2 miles
Cassano's Dining
1,140 visits/mo 0.2 miles
SUBWAY Dining
1,091 visits/mo 0.3 miles

Demographics for 45005, OH

31,577
Population
13,458
Households
2.3
Avg Household Size
42
Median Age
18%
College-Educated
90%
High-School Grad
36.6 sq mi
ZIP Area
863
Density / Sq Mi
$74,239
Median Household Income
$44,082
Median Earnings
$1,005
Median Rent
$201,200
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Neighborhood retail center with established tenants, maintained systems, and a separate restaurant outparcel.
Where is this shopping center located?
The property is located at 500 Central Ave Carlisle, OH.
What are key features of this property?
This property features: 43,050‑square‑foot shopping center on a 9.5‑acre parcel; Dollar General serves as the center’s anchor tenant; Cassano’s Pizza, Fu Lin Chinese, and Simply Brown Salon occupy additional space
(317) 218-5329 Call to check price and availability
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