Listed by Legacy Real Estate Advisors Southfield, Legacy Real Estate
$3,950,000
Value-Add Retail & Office Center | 53% Vacant | Near Kroger
Details
APN D2010013000131
Property Type Retail, Office
Sub Type Restaurant, Shopping Center
Square Footage 33,250
Net Rentable (SqFt) 33,250
Units 10
NOI $111,444
Occupancy 47%
Tenancy Multi
Brand/Tenant Bank of America, Smoothie King
Lease Type NNN
Rent Bumps Yes
Price per SqFt $119
Class B
Year Built 2009
Stories 2
Acreage 3.430
Zoning B-2 (General Business)
Parking Spaces 5.47 per 1,000 sq ft
Investment Type Value Add
Tenant Credit Credit Rated, Franchisee
Ground Lease No
Sale Condition For sale by owner
Value-Add | 53% Vacant | High Quality Construction | Affluent Northern Cincinnati Suburb
Marketing description
- Liberty Falls Is A High‑Quality, Mixed‑Use Retail & Office Asset Built In 2009, Totaling 33,250 SF On 3.42 Acres. The Property Features A Eye-Catching Brick Construction Profile And An Efficient, Highly Visible Layout, With The Second Floor Dedicated To Office Space Totaling 12,294 SF (37% Of GLA).
- At The End Of 2026, The Asset Will Be 53% Vacant (37% Office + 16% Retail). El Rancho Nuevo, The End‑Cap Mexican Restaurant On The South Side Of The Center, Will Vacate At Lease Expiration. Creating A Meaningful Value‑Add Opportunity For New Ownership Across Both Retail And Office Suites.
- Positioned Along Cincinnati Dayton Road (20,000+ VPD), Liberty Falls Benefits From Excellent Visibility And Direct Access. The Property Is Adjacent To A Kroger‑Anchored Center, Shadow‑Anchored By Mercy Health Medical Offices & In Immediate Proximity To Major Regional Medical Drivers Including Cincinnati Children’s Hospital (670 Beds) And The Christ Hospital Health Network (555 Beds).
- The Asset Is Located 10 Minutes North Of Liberty Center, A Premier Mixed‑Use Destination Known For Its Blend Of Retail, Dining, Entertainment, And Community‑Oriented Public Spaces. Liberty Center Serves As A Major Regional Draw, Reinforcing The Strength Of The Surrounding Trade Area.
- Liberty Township Is An Affluent Northern Cincinnati Suburb With 132,000+ Residents Within A 5‑Mile Radius And Average Household Incomes Exceeding $143,000.
Investment highlights
- Mixed-use Brick design featuring ground-floor retail and upper-level office space.
- Outstanding visibility and access along high-traffic Cincinnati Dayton Road.
- Positioned adjacent to a Kroger-anchored center and near major health campuses.
- Resident base of over 132,000 within five miles with strong household incomes.
- Upcoming vacancies offer significant value-add potential for new ownership.
- Located 10 minutes from Liberty Center, a prominent regional retail and lifestyle destination.
Listing Contacts
Listed by Legacy Real Estate Advisors Southfield, Legacy Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111,444.00
$9,287.00/mo
Valuation Metrics
0
DSCR
2.82%
Cap Rate
2.82%
ROI
Map
Zoning
B-2 CommercialGeneral CommercialGeneral Business District
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View all 83 uses
View all 83 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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