6141 Market Ave - 314 Unit Multi-Family Permitted Land 14.64 Acres of Commercial Land Offered at $4,710,000 in Middletown, OH 45005

The development site contains 14 acres at the northwest corner of Market Avenue and Union Road, directly across Union Road from theAtrium Medical Center and its 260-acre campus, a regional Level III Trauma Center and the largest employer in Middletown. The site is also adjacent to the Renaissance Pointe development, a 50-acre,$200M master-planned project currently under construction that will contain a 165,000-sf event center, retail, hotel and restaurant uses. Investment highlights Fully entitled & permitted — build immediately. All city approvals are secured and the construction document set is complete. A buyer can mobilize and commence vertical construction without absorbing the 12–18 months of entitlement risk, carry cost, and approval uncertainty that a raw or partially-zoned site would require. This is a genuinely shovel-ready position in a supply-starved submarket. Complete, approved plan conveys with the land. The approved site plan, building plans, and full CD set for a 314-unit, 269,599-SF Class A community transfer with the site — representing substantial architecture, engineering, and civil work already completed and paid for, and eliminating re-design and re-permitting timelines for any buyer who builds to the approved plan. Directly across from the region's largest employer. The site fronts Premier Health Atrium Medical Center — a 260-acre, Level III trauma campus employing 1,500+ physicians, nurses, and staff — with Cincinnati Eye Institute on-campus and Kettering Health (1,000+ employees) three miles away. Healthcare anchors a durable, non-cyclical renter base at the front door. Adjacent to the $200M Renaissance Pointe development. The site immediately neighbors a 50-acre master-planned mixed-use district anchored by a multipurpose event center/arena — targeted as home to a United States Hockey League (USHL) franchise and projected to draw ~425,000 annual visitors — plus hotels, Class A retail, and restaurants. The City of Middletown and Warren County have each approved $12.5M in credit enhancement ($25M combined) to support the arena, which is targeting a 2027 opening. Acute, documented undersupply. City-commissioned planning studies document a ~2,600-unit housing deficit in Middletown. Only one comparable Class A community has delivered in roughly 15 years — creating pent-up demand and strong projected lease velocity for the next deliverable product in the medical and entertainment district. Rents already proven one mile away. The neighboring Echo Ridge community (319 units, 1 mile) achieves ~$1,200–$2,000+ across its 1–3 bedroom mix and is stabilizing ahead of this site. The approved Atticus program underwrites to an $1,585 average rent ($1.85/SF) — validated by the immediately adjacent, institutional-quality comparable. Prime I-75 corridor access. ±109,683 vehicles per day on I-75 at the interchange; ~25 minutes to Cincinnati, ~20 minutes to Dayton; ~1.9 million workers within a 30-minute drive. A new Chick-fil-A and Starbucks anchor the I-75 / SR-122 interchange, and the regional mall across I-75 is undergoing redevelopment. Fees paid and sales tax abatement available. $157,000 in Park Impact Fees have already been paid to the City and are included in the asking price — a cost the buyer would otherwise incur. In addition, the Warren County Port Authority has expressed interest in a construction sales tax abatement (via the Renaissance New Community Authority) estimated to save a buyer ~$1.485 million on construction materials, in exchange for an added ~5 mills on the post-completion property tax bill.