- For Sale Subject To Offer
- Property Type Retail
- Property Size 97,617 SF
- Units 1
- Lot Size 0.23 Acre
- Building Class C
- Year Built 1966
- Year Renovated 2025
- Date Updated Sep 2, 2026
Description
Capping new supply and reinforcing high tenant retention amid the region’s low 6.4% shopping-center vacancy rate, Centerville is fully built out with restrictive zoning, making this asset—which is priced well below replacement cost and features nearly $1.96M in recent capital improvements, including a new roof and a $500K anchor white-box—an exceptional investment opportunity.3CRE exclusively presents Centerville Square, a 97,617 SF institutional-quality retail asset on nearly 8.5 acres in Centerville, one of the Dayton region’s wealthiest and most supply-constrained suburbs. Currently substantially leased with a deep tenant commitment reflected by an 18.6-year weighted average occupancy across in-line suites, the property features significant mark-to-market upside, allowing investors to capture a $2.00 to $8.00 PSF loss-to-lease opportunity upon rollover as average in-line rents of $10.27 PSF adjust toward prevailing market rates of $16 to $18 PSF. Additional value creation exists through the lease-up of a fully renovated, 31,977 SF marquee anchor backed by an active grocer-interest pipeline, alongside a build-ready 0.524-acre outparcel.
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Contacts
Michael Costantini
3CRE Advisors
Location
Contact Listing Broker
Michael Costantini
3CRE Advisors