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28716171
28716170

659 S Breiel Blvd, Middletown, OH 45044

JD
OH OH 2023007064
Paran Realty Group
Listed by Paran Realty Group
$4,950,000
202 days on market
Updated 40 days ago

Middletown Shopping Center

Details
APN Q6541023000001
Property Type Retail
Sub Type Shopping Center
Square Footage 135,485
Net Rentable (SqFt) 135,485
Units 29
Cap Rate 7.58%
NOI $375,210
Occupancy 57%
Tenancy Multi
Brand/Tenant Dollar General
Price per SqFt $37
Class C
Year Built 1960
Year Renovated 1988
Buildings 1
Stories 1
Acreage 11.990
Zoning 426 C - COMMUNITY SHOPPING CENTER
Investment Type Value Add
Ownership Middletown Properties Company Limited

Retail | 7.58% CAP | 135,485 SqFt

Marketing description

Discover an exceptional value-add retail investment opportunity at 413–659 South Breiel Boulevard in Middletown, OH. The Middletown Shopping Center is a longstanding, 135,000 SF neighborhood destination positioned on 12 acres at the signalized intersection of Grand Avenue and South Breiel Boulevard, offering exceptional visibility, prominent signage, and multiple access points.

Anchored by national brands including Dollar General, Sally Beauty, H&R Block, and supported by shadow anchors O’Reilly Auto Parts and Burger King, the center delivers stable cash flow and consistent tenancy. Recent capital improvements totaling approximately $1,000,000 further enhance curb appeal and long-term value.

Located within a thriving commercial corridor and benefiting from strong regional connectivity to Interstate 75, the property is surrounded by dense residential neighborhoods and enjoys a proven history of ownership performance.

Don’t miss this rare chance to acquire a high-visibility, strategically located retail asset in a thriving retail corridor.

Contact us for more details.

Investment highlights

Rare Value-Add Opportunity - Offered for sale for first time in 40 years; long-term ownership with a proven performance record.

Historically Stable Asset - Established neighborhood shopping center with consistent tenancy and dependable cash flow.

Significant Recent Investment - Ownership has invested approximately $1,000,000 in capital improvements over the past year, enhancing long-term value and curb appeal.

Prime Corner Location - Prominently positioned at the signalized intersection of Grand Avenue and South Breiel Boulevard, a key Middletown retail corridor.

Dense Residential Surroundings - Serves a well-established trade area with strong population density and household stability.

Diverse Tenant Mix - Includes a healthy balance of national, regional, and local retailers such as Dollar General, Urgent Care, All About Smiles Dental, Sally Beauty, and H&R Block.

Shadow Anchored by O’Reilly Auto Parts & Burger King - Contributing to consistent customer draw and daily traffic.

Excellent Accessibility & Visibility - Multiple ingress/egress points, ample parking, and prominent frontage along both Grand Avenue and South Breiel Boulevard.

Prominent Pylon Signage - Multi-tenant pylon positioned at the corner intersection for maximum exposure.

Strategic Regional Location - Immediate access to I-75 connecting Cincinnati and Dayton, within one of Ohio’s strongest growth corridors.

Listing Contacts

JD
OH OH 2023007064
Paran Realty Group
Listed by Paran Realty Group

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$375,210.00
$31,267.50/mo

Valuation Metrics

0
DSCR
7.58%
Cap Rate
7.58%
ROI

Map

Zoning

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B-2 CommercialNeighborhood CommercialCommunity Business District
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Joseph Del Balso
License
OH 2023007064
Brokerage Phone
8008885663
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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