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    1131 Central Ave Middletown, OH 45044

    Sponsored
    For Sale
    $1,900,000

    38,000 SF, Diverse Income Streams

    Property size:
    38,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Middletown, Ohio commercial property, located at 1131 Central Ave, presents a compelling investment opportunity priced at $1,900,000. The 38,000 square foot building boasts a diverse tenant mix, including a hotel, restaurant, and traditional office spaces, generating stabilized rental income. Previously a JCPenney store, the building retains desirable features such as an elevator, secure entrances, and a convenient truck dock. Its prime location on Central Avenue ensures high visibility, benefiting from over 8,000 daily passersby. The property's strategic placement near major roadways and amenities further enhances its appeal to a wide range of businesses. Vacant spaces offer potential for increased revenue generation. This multi-functional property in Butler County, Ohio (zip code 45044) provides a rare chance to acquire a versatile commercial asset with significant upside. The asking price of $1,900,000 translates to $50 per square foot. This mixed-use building offers a strong foundation for a diversified investment portfolio.

    Property Features for 1131 Central Ave

    General Information

    Property type
    Restaurants
    Square Feet
    38,000 SF

    HighLights

    • $1,900,000 asking price for a 38,000 square foot Middletown, OH commercial building.
    • Mixed‑use property with hotel, restaurant, and office tenants generating stabilized income.
    • Features include elevator, secure entrances, and truck dock; previously a JCPenney.
    • High‑visibility location on Central Avenue with over 8,000 daily passersby.
    • Located near major roadways and amenities in Butler County, OH (45044); vacant spaces offer upside potential.
    • $50 per square foot price; strong foundation for a diversified investment portfolio.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Butler
    State
    Ohio
    Longitude
    -84.4024122
    Latitude
    39.5163015

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    FAQs

    What type of property is this?
    Restaurant - 38,000 SF, Diverse Income Streams
    Where is this restaurant located?
    The property is located at 1131 Central Ave Middletown, OH.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: $1,900,000 asking price for a 38,000 square foot Middletown, OH commercial building.; Mixed-use property with hotel, restaurant, and office tenants generating stabilized income.; Features include elevator, secure entrances, and truck dock; previously a JCPenney.
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    Middletown, OH 45044
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    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
    1131 Central Ave Middletown, OH 45044
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