Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    500 Central Ave Franklin, OH 45005

    Sponsored
    For Lease
    $8 SF/Yr

    Prime Carlisle retail, 2 spaces available

    Lot size:
    44,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Carlisle, Ohio retail center, built in 1995 and renovated in 2022, offers 44,700 square feet of space in a single, one-story building. Currently, 1,000 square feet are vacant, divisible into units as small as 1,000 square feet, with a maximum contiguous space of 1,000 square feet. The center features eight suites in total and boasts a strong tenant mix, including a Dollar General store ranked in the top 2% nationally and in Ohio. This prime location is situated on Central Avenue in Carlisle, Ohio, just over three miles west of I-75, providing excellent access to a substantial market. Within a five-mile radius, there are nearly 75,000 residents and 72,000 employees. The center benefits from its proximity to the Carlisle Business Park and newly constructed emergency services facilities. An additional approximately 1.9 acres of outlot land is available for ground lease, presenting further development opportunities. This property presents a compelling investment opportunity in a thriving community.

    Property Features for 500 Central Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    44,700 SF
    Total Rate
    29800

    Building Details

    Year Built/Renovated
    1995/2022
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite #504
    Size
    3,750 SF
    Rate per SF
    $8
    Space
    Suite #514
    Size
    1,000 SF
    Rate per SF
    $9
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Warren
    State
    Ohio
    Longitude
    -84.312819442687
    Latitude
    39.578499555258

    Nearby Comparable

    • $2,300 /Mo
      1,188 SF

      Retail Space Under Construction

      Future retail space suitable for shop, restaurant, or coffee shop.
      449 S Main St, Franklin, OH 45005
      View Details
    • $1,900 /Mo
      2,244 SF

      Downtown Franklin Retail/Office Space

      Spacious retail or office space in historic downtown Franklin, Ohio.
      431-439 S Main St, Franklin, OH 45005
      View Details
    • Contact for pricing
      5,528 SF

      Former Restaurant Building For Lease

      5,529 SF former restaurant available for lease.
      8201 Claude-Thomas Rd, Franklin, OH
      View Details
    • $1,100 /Mo
      1,600 SF

      Retail Space in Historical Franklin

      Retail space available in the New Downtown Historical Franklin.
      513-515 S Main St, Franklin, OH 45005
      View Details
    • $26 SF/Yr
      3,952 SF

      Office Space with Monument Signage

      Office space with easy I-75 access and on-site management.
      909 E 2Nd St, Franklin, OH 45005
      View Details
    • Contact for pricing

      Land Ready for Development

      10 acres available for lease near I-75 in Franklin.
      1000 Commerce Center Dr, Franklin, OH 45005
      View Details
    • $750,000
      200 SF

      Private Office in Coworking Space

      Private office with access to coworking amenities in Springboro, Ohio.
      15 Commercial Way, Springboro, OH 45066
      View Details
    • $14 SF/Yr
      4,200 SF

      Office with Warehouse Space

      Office space with warehouse component available for lease.
      860 Pleasant Valley Dr, Springboro, OH 45066
      View Details
    • $7 SF/Yr
      3,000 SF

      Flex Space Near I-75

      Multi-tenant flex buildings with I-75 access in Springboro.
      690-710 Pleasant Valley Dr, Springboro, OH 45066
      View Details
    • $7 SF/Yr
      3,000 SF

      Springboro Office Space Available

      Office suites available in Springboro Business Park with I-75 access.
      720-740 Pleasant Valley Dr, Springboro, OH 45066
      View Details
    • $7 SF/Yr
      33,125 SF

      Springboro Flex Space Available

      Prime Flex/Warehouse Space in Springboro, OH
      690 Pleasant Valley Dr, Springboro, OH 45066
      View Details
    • Contact for pricing
      360,677 SF

      Stolz Industrial Park Land

      8.28 Acres, I-75 Proximity, Industrial Zoning
      235 Advanced Dr, Springboro, OH 45066
      View Details

    Nearby Similar for Lease

    • $14 SF/Yr
      49,750 SF

      Middletown Office Space for Lease

      Office space available in Middletown's East End/Renaissance District.
      3420 Atrium Blvd | Middletown, Franklin, OH 45005
      View Details
    • Contact for pricing
      5,528 SF

      Former Restaurant Building For Lease

      5,529 SF former restaurant available for lease.
      8201 Claude-Thomas Rd, Franklin, OH
      View Details
    • $1,100 /Mo
      1,600 SF

      Retail Space in Historical Franklin

      Retail space available in the New Downtown Historical Franklin.
      513-515 S Main St, Franklin, OH 45005
      View Details
    • $1,900 /Mo
      2,244 SF

      Downtown Franklin Retail/Office Space

      Spacious retail or office space in historic downtown Franklin, Ohio.
      431-439 S Main St, Franklin, OH 45005
      View Details
    • $2,300 /Mo
      1,188 SF

      Retail Space Under Construction

      Future retail space suitable for shop, restaurant, or coffee shop.
      449 S Main St, Franklin, OH 45005
      View Details
    • Contact for pricing
      12,970 SF

      Former CVS Building For Lease

      12,970 SF building suitable for office or retail use.
      3445 Union Rd, Franklin, OH 45005
      View Details
    • $26 SF/Yr
      3,952 SF

      Office Space with Monument Signage

      Office space with easy I-75 access and on-site management.
      909 E 2Nd St, Franklin, OH 45005
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime Carlisle retail, 2 spaces available
    Where is this restaurant located?
    The property is located at 500 Central Ave Franklin, OH.
    What is the lease rate?
    The lease rate is $8-$9 SF/Yr.
    Request Owner's contact information
    500 Central Ave Franklin, OH 45005
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 Central Ave
    Franklin, OH 45005
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    500 Central Ave Franklin, OH 45005
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.