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1131 Central Ave 38,000 SF 100% Leased Office Building Middletown, OH 45044 $1,300,000 ($34.21/SF)
Investment Highlights
- Nice mix of spaces
- Stabilized rental income
Executive Summary
38,000 SF stabilized rental income property. Occupants include office, restaurant, boutique hotel, hair salon, and more. Vacant spaces allow for rental income growth including event/entertainment venue, office, and expansion of hotel.
Building as several office, retail, dog groomer and salon spaces for lease.
Building as several office, retail, dog groomer and salon spaces for lease.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
38,000 SF
Building Class
B
Year Built
1955
Price
$1,300,000
Price Per SF
$34.21
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
9,500 SF
Slab To Slab
9’
Building FAR
4.00
Lot Size
0.22 AC
Zoning
CBD-1
Parking
40 Spaces (1.05 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Food Service
- Restaurant
- Basement
- Central Heating
- Hardwood Floors
- Air Conditioning
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | Q6511-009-000-027 | Improvements Assessment | $43,240 |
| Land Assessment | $6,390 | Total Assessment | $49,630 |
Property Taxes
Parcel Number
Q6511-009-000-027
Land Assessment
$6,390
Improvements Assessment
$43,240
Total Assessment
$49,630
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1131 Central Ave
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