890-896 S Main St - Storefront FOR SALE


Centerville, OH 45458
$10,500,000 USD
513-383-8413
890-896 S Main St, Centerville, OH for Sale
$10,500,000 USD
Storefront - FOR SALE
1/29
null | Request Cap Rate

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890-896 S Main St
Centerville, OH 45458


HIGHLIGHTS

  • Price: $10,500,000
  • Total Building Square Footage: 97,617 Square Feet
  • 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

3CRE Commercial Real Estate is pleased to present Centerville Square, a premier 97,617-square-foot neighborhood retail center located in Centerville, Ohio. This asset offers investors a secure, long-term cash flow with substantial value-add potential. Featuring a complementary, multi-tenant mix of established national and local brands, the center provides a diverse and thriving retail destination for the community. Meticulously maintained, the property benefits from recent, significant capital expenditures and high-quality tenant build-outs. Strategically positioned within a vibrant retail corridor alongside other national tenants, Centerville Square is surrounded by a dense residential population boasting excellent demographics. The retail shopping center is situated on 8.48 acres and has benefited from significant capital improvements over the past five years, including major tenant space renovations completed within the last two years. The property features a strong mix of national, regional, and local tenants, contributing to a stable and diversified tenancy profile. Additionally, the center maintains a weighted average tenancy of 18.6 years, reflecting long-term tenant commitment and occupancy stability.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$107 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Centerville Square Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

340

LAND DETAILS

LAND ACRES

8.48 AC

LAND SF

369,389 SF

ZONING

B2

APN/PARCEL ID

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.