1131 Central AveMiddletown, OH 45044

Property Details for 1131 Central Ave

Year built

1955

Lot size

0.12 AC

Property size (Sq ft)

38,250 SF

Property type

Office buildings

APN

Q6511-009.000-027

APU

Q6511009000027

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $6,059,763

  6.5%

  $5,593,627

  7%

  $5,194,082

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,961,279

  Geo Method

  $4,750,268

• Alternative Use

  Use

  Valuation

  Residential

  $6,936,098

  Hospitality

  $6,353,428

  Educational

  $5,285,978

  Medical

  $5,467,770

  Retail

  $8,222,632

Location Insight

City

Middletown

County

Butler

State

Ohio

Latitude

39.5162

Longitude

-84.4027

CBSA code

17140

CBSA name

CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.