Offer Submission Deadline: October 15, 2026

890 S Main St, Centerville, OH 45458

Property Information

  • 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.

Contacts

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