1150 Central AveMiddletown, OH 45044

Property Details for 1150 Central Ave

Year built

1927

Lot size

0.18 AC

Property size (Sq ft)

30,240 SF

Property type

Retail space

APN

Q6511-007.000-006

APU

Q6511007000006

Description

This exceptional 30,240-square-foot retail property, located at 1150 Central Ave, Middletown, OH 45044, presents a unique investment opportunity. Situated on a 0.18-acre lot at the hard corner of a signalized intersection on Verity Parkway, this single-tenant building enjoys a high-traffic location with nearly 10,000 vehicles passing daily. Built in 1927, the property is zoned 429C – Other Retail, making it suitable for a variety of commercial uses. Its strategic location within the Dayton submarket, specifically the Middletown submarket cluster, offers easy access to a significant consumer base. The property benefits from its proximity to the Cincinnati State Middletown campus and Middletown Regional Airport, further enhancing its visibility and accessibility. This prime retail space is ideal for businesses seeking a well-established location in a thriving community, just 30 minutes from both Dayton and Cincinnati. The property's size and location make it an attractive option for a variety of retail ventures. The high daily traffic count ensures significant exposure to potential customers.

• CAP approach

  CAP return

  Valuation

  6%

  $7,042,442

  6.5%

  $6,500,716

  7%

  $6,036,379

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,899,704

  Geo Method

  $9,463,874

• Alternative Use

  Use

  Valuation

  Residential

  $5,483,597

  Hospitality

  $5,022,946

  Educational

  $4,179,032

  Medical

  $4,322,755

  Retail

  $6,500,716

Location Insight

City

Middletown

County

Butler

State

Ohio

Latitude

39.5154

Longitude

-84.4027

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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