1636 Central AveMiddletown, OH 45044

Property Details for 1636 Central Ave

Year built

1922

Lot size

0.10 AC

Property size (Sq ft)

10,830 SF

Property type

Retail properties

Property subtype

Retail space

APN

Q6532-017.000-009

APU

Q6532017000009

Description

This exceptional Middletown, Ohio property at 1636 Central Avenue presents a lucrative mixed-use investment opportunity. The 0.21-acre lot houses a single building encompassing 4,944 square feet of retail space currently operating at 100% occupancy, along with four residential units. This versatile property is ideally suited for a variety of uses, benefiting from its prime location in a retail-zoned area of Butler County. Convenient access to major roadways, including I-75 North, and proximity to Dayton Airport (36 miles) enhance its appeal. The thriving Middletown community boasts a population exceeding 12,500 and a median household income surpassing $54,000, indicating strong market potential. On-site parking is provided for tenants and customers with 10 spaces. This property offers a compelling blend of commercial and residential income streams, making it an attractive investment for discerning buyers seeking a high-return opportunity in a dynamic market. The asking price is $699,999.

• CAP approach

  CAP return

  Valuation

  6%

  $2,522,144

  6.5%

  $2,328,134

  7%

  $2,161,838

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,112,890

  Geo Method

  $3,389,344

• Alternative Use

  Use

  Valuation

  Residential

  $1,963,868

  Hospitality

  $1,798,892

  Educational

  $1,496,657

  Medical

  $1,548,130

  Retail

  $2,328,134

Location Insight

City

Middletown

County

Butler

State

Ohio

Latitude

39.5138

Longitude

-84.3957

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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