513-383-8413
890-896 S Main St, Centerville, OH for Sale
Storefront - FOR SALE
1/26
null | Request Cap Rate

890-896 S Main St
Centerville, OH 45458


HIGHLIGHTS

  • Price: Subject to Offers
  • Offer Submission Deadline: October 15, 2026
  • Total Acreage: 8.48 Acres
  • Operating Expense PSF: $3.85 SqFt
  • Major Capital Expenditures In last 5 years
  • Major Tenant Improvements in the Last 2 Years

OVERVIEW

Offer Submission Deadline: October 15, 2026 Tour Date 1: September 15, 2026 Tour Date 2: September 30, 2026 3CRE exclusively presents Centerville Square, a 97,617 SF institutional-quality retail asset on nearly 8.5 acres in Centerville, one of the Dayton region’s wealthiest and most supply-constrained suburbs. Currently substantially leased with a deep tenant commitment reflected by an 18.6-year weighted average occupancy across in-line suites, the property features significant mark-to-market upside, allowing investors to capture a $2.00 to $8.00 PSF loss-to-lease opportunity upon rollover as average in-line rents of $10.27 PSF adjust toward prevailing market rates of $16 to $18 PSF. Additional value creation exists through the lease-up of a fully renovated, 31,977 SF marquee anchor backed by an active grocer-interest pipeline, alongside a build-ready 0.524-acre outparcel. Capping new supply and reinforcing high tenant retention amid the region’s low 6.4% shopping-center vacancy rate, Centerville is fully built out with restrictive zoning, making this asset—which is priced well below replacement cost and features nearly $1.96M in recent capital improvements, including a new roof and a $500K anchor white-box—an exceptional investment opportunity.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Offer Submission Deadline: October 15, 2026

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

340

LAND DETAILS

LAND ACRES

8.48 AC

LAND SF

369,389 SF

ZONING

B2

APN/PARCEL ID

O68-51447-0002,O68-51447-0003

ASK ABOUT THIS PROPERTY

Michael Costantini3CRE Advisors, LLCMore Info
513-383-8413

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Michael Costantini3CRE Advisors, LLCMore Info
513-383-8413

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.