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Harrison Plaza - Harrison, OH 1150 Harrison Ave 20,900 SF 72% Leased Retail Building Harrison, OH 45030 $1,200,000 ($57.42/SF) 2.77% Cap Rate
Investment Highlights
- Strong upside through lease-up and owner-user potential, allowing an investor to increase NOI by filling vacancy or an owner-user to occupy space.
- The property benefits from a diverse tenant mix with several long-term occupants, demonstrating location stability and consistent tenant demand.
- Strategically positioned just 2 minutes from Cincinnati West Airport in a well-established retail corridor with strong accessibility.
- Current tenants are on month-to-month leases, creating immediate flexibility for re-tenanting, rent increases, or repositioning the asset.
- Located along Harrison Avenue with approximately 23,145 VPD, the center benefits from strong frontage and visibility, with Harrison Premier Fitness.
- Supported by an average household income of $101,059 within a 3-mile radius, providing strong consumer spending power and long-term tenant demand.
Executive Summary
We are pleased to exclusively offer for sale Harrison Plaza, a 20,900 SF multi-tenant retail center located at 1150 Harrison Avenue in Harrison, OH. This offering presents a compelling value-add and owner-user opportunity, with strong upside through lease-up of vacant space and the ability for an owner-user to occupy a portion of the property while benefiting from existing in-place income, making it an attractive investment.
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
20,900 SF
Building Class
C
Year Built
1975
Price
$1,200,000
Price Per SF
$57.42
Cap Rate
2.77%
NOI
$33,220
Percent Leased
72%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.34
Lot Size
1.43 AC
Zoning
B4, Harrison - Designed to support a mix of commercial, office, residential, and cultural uses, promoting a vibrant and dynamic urban core.
Parking
40 Spaces (1.91 Spaces per 1,000 SF Leased)
Frontage
161’ on Harrison Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- AAA TV Care & Repair LLC
- Retailer
- 850 SF
- $16.94
- -
- Big Greek Cafe
- Accommodation and Food Services
- 500 SF
- $28.80
- -
- Diversion Arcade
- Retailer
- 3,000 SF
- $4.80
- -
- Galaxy Vape and Smoke Harrison
- Retailer
- 850 SF
- $16.94
- -
- Harrison Premier Fitness
- Arts, Entertainment, and Recreation
- 10,000 SF
- $2.04
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| AAA TV Care & Repair LLC | Retailer | 850 SF | $16.94 | - | ||
| Big Greek Cafe | Accommodation and Food Services | 500 SF | $28.80 | - | ||
| Diversion Arcade | Retailer | 3,000 SF | $4.80 | - | ||
| Galaxy Vape and Smoke Harrison | Retailer | 850 SF | $16.94 | - | ||
| Harrison Premier Fitness | Arts, Entertainment, and Recreation | 10,000 SF | $2.04 | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 106
- 1,700 SF
- Retail
- In-Line
- Now
- 107
- 960 SF
- Retail
- In-Line
- Now
General retail, hair salon, nail salon, professional services.
Affordable professional small office space on the 2nd floor, elevator access, great for accountant, insurance, attorney.
| Space | Size | Space Use | Position | Available |
| 106 | 1,700 SF | Retail | In-Line | Now |
| 107 | 960 SF | Retail | In-Line | Now |
| 108 | 720 SF | Retail | In-Line | Now |
| 2nd Floor | 2,400 SF | Office | - | Now |
106
| Size |
| 1,700 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
107
| Size |
| 960 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
108
| Size |
| 720 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2nd Floor
| Size |
| 2,400 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
108
| Size | 720 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
General retail, hair salon, nail salon, professional services.
2nd Floor
| Size | 2,400 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Affordable professional small office space on the 2nd floor, elevator access, great for accountant, insurance, attorney.
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 561-0005-0115 | Improvements Assessment | $225,407 |
| Land Assessment | $49,998 | Total Assessment | $275,405 |
Property Taxes
Parcel Number
561-0005-0115
Land Assessment
$49,998
Improvements Assessment
$225,407
Total Assessment
$275,405
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