Property profile

1 Main St Middletown, OH 45042

OFF-MARKET
Office buildings
Property ID
US66-4323485
79,542 SF 0.3 ac lot Built 1962
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 69,662 square foot, six-story Class B office building presents a unique investment opportunity in the heart of Middletown, Ohio. Located at 1 N Main St, this vacant property boasts unbeatable visibility on North Main and Central Avenue, offering significant branding potential. Built in 1969 and renovated in 2014, the building sits on a 0.299-acre lot and is zoned UCC - Urban Core Central Subdistrict, allowing for a variety of uses. The asking price has been reduced to $1,250,000, translating to an attractive price per square foot of $17.94. Adjacent surface parking is available through the City of Middletown, providing ample convenience for tenants. This single-building property offers the chance to create a thriving multi-tenant environment, capitalizing on its prime location and substantial square footage. The property's APN is Q6511008000061. This is a rare opportunity to acquire a well-located, sizable office building in a growing Ohio market. The building's substantial size and prominent location make it an ideal candidate for redevelopment or repositioning. Don't miss this chance to secure a valuable asset in a revitalizing downtown area.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1962
Total area 79,542 SF
Lot 0.3 ac (13,029 SF)
APN Q6511-008.000-061
UPID US66-4323485

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1 Main St Middletown, OH 45042-1914
Middletown metro Census 14400 CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.12M
Blend (final) Blend
$7.58M

Owner & transaction history

since 2026
4 recorded transactions
2026
Price N/A
2014
$5.8M
2012
Price N/A
2010
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $9.0M +203.2%
Neighborhood: shopping center $8.8M +196.0%
Auto repair, garage $8.3M +178.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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