500 Central AveFranklin, OH 45005

Property Details for 500 Central Ave

Lot size

1.91 AC

Property type

Land

Property subtype

Commercial land

APN

01-33-252-003-0

APU

1332520030

Description

This Carlisle, Ohio retail center, built in 1995 and renovated in 2022, offers 44,700 square feet of space in a single, one-story building. Currently, 1,000 square feet are vacant, divisible into units as small as 1,000 square feet, with a maximum contiguous space of 1,000 square feet. The center features eight suites in total and boasts a strong tenant mix, including a Dollar General store ranked in the top 2% nationally and in Ohio. This prime location is situated on Central Avenue in Carlisle, Ohio, just over three miles west of I-75, providing excellent access to a substantial market. Within a five-mile radius, there are nearly 75,000 residents and 72,000 employees. The center benefits from its proximity to the Carlisle Business Park and newly constructed emergency services facilities. An additional approximately 1.9 acres of outlot land is available for ground lease, presenting further development opportunities. This property presents a compelling investment opportunity in a thriving community.

• Alternative Use

  Use

  Valuation

  Residential

  $15,118,698

  Hospitality

  $13,848,646

  Educational

  $11,521,911

  Medical

  $11,918,167

  Retail

  $17,922,972

Location Insight

City

Carlisle

County

Warren

State

Ohio

Latitude

39.5791

Longitude

-84.313

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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