Listed by ParaSell Inc, Sands Investment Group - FTL
$1,200,000
Harrison Plaza - Harrison, OH
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 20,900
Units 10
NOI $33,220
Occupancy 100%
Tenancy Multi
Price per SqFt $57
Year Built 1975
Acreage 1.430
Ground Lease No
20,900 SF Value-Add Retail Center | Strong Upside & Flexible Re-Tenanting
Marketing description
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.
Investment highlights
- Value-Add / Owner-User Opportunity: 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 while benefiting from in-place income.
- Flexible Re-Tenanting Opportunity: Current tenants are on month-to-month leases, creating immediate flexibility for re-tenanting, rent increases, or repositioning the asset to stronger-credit tenants and higher market rents.
- Strong Tenant Mix & Established Occupancy: The property benefits from a diverse tenant mix with several long-term occupants, demonstrating location stability and consistent tenant demand within the Harrison trade area.
- Excellent Visibility & Traffic Drivers: Located along Harrison Avenue with approximately 23,145 VPD, the center benefits from strong frontage and visibility, with Harrison Premier Fitness driving daily foot traffic and consistent consumer activity.
- Prime Location: Strategically positioned just 2 minutes from Cincinnati West Airport in a well-established retail corridor with strong accessibility and convenience for both customers and businesses.
- Strong Demographics: Supported by an average household income of $101,059 within a 3-mile radius, providing strong consumer spending power and long-term tenant demand for neighborhood retail and service users.
Listing Contacts
Listed by ParaSell Inc, Sands Investment Group - FTL
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$33,220.00
$2,768.33/mo
Valuation Metrics
0
DSCR
2.77%
Cap Rate
2.77%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Title
Name
License
Brokerage Phone
Is there information that looks off?
