Milford Square For Sale

Shopping Center for Sale
Catylist Listing ID: 30757466
Property Subtypes: Strip Center
Building Size (RSF): 21,600 SF
Gross Land Area: 2.94 Acres
Sale Price: $1,550,000
Unit Price: $71.76 PSF
Property Use Type: Investment
Building Name: Milford Square
Sale Terms: Cash to Seller
Cap Rate: 8.3%
Average Occupancy Rate: 100
Last Updated: 9/7/2021

Overview / Comments

21,600 SF multi-tenant center located on a nearly 3 acre site at a busy traffic corner near I-275. Value add possibilities with several under market month to month leases.310' street frontage with 3 curb cuts on Main Street. Large parking lot with approximately 150 spaces over 2.94 acres.

Additional Details

Nearest MSA: Cincinnati
County: Clermont
Tax ID/APN: 210740.245P; 21-07-40-246P
Retail Clientele: General
Property Located Between: Main Street and RT 28
Property Visibility: Good
Largest Nearby Street: US 28
Feet of Frontage: 310
Highway Access: I-275 nearby
Site Description: Multi-tenant shopping center, fully leased, good visibility, close to I-275. Newer roof, $150,000 in capital improvements, value add center, ability to increase NOI. No deferred maintenance. Heavy traffic location, well built brick shopping center.
Area Description: Heavy traffic location, close to I-275
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,400 SF
Property Condition: Excellent
Year Built: 1989
Year Renovated: 2019
Construction/Siding: Brick

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,708 41,390 99,264
Median Age: 38.98 41.4 41.16
Households: 2,160 15,567 37,249


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