195 Union Street Newark, OH 43055

195 Union Street Newark, OH 43055

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$1,795,000 Active
Commercial - Office MLS 226005110

Listed By

Agency Name: Shai-Hess Commerical Real Estate, LLC
Agency Phone: 740-587-7441
Agent Name: Joseph Gebhart

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

An outstanding investment opportunity awaits! This 30,692± SF multi-tenant professional office building presents an attractive proposition for investors. Fully leased and generating consistent income, the property offers strong stability and long-term value. The list price reflects an 8% CAP rate, providing a compelling return profile for qualified buyers. Financials and a current rent roll are available upon execution of a signed NDA, offering a complete picture of performance and revenue potential. This well-positioned asset makes a strategic and reliable addition to any investment portfolio.Located just off the Grant Street exit on SR-79, 195 Union Street offers exceptional accessibility and convenience for office users. This well-positioned location provides quick and easy access to downtown Newark, placing your business just minutes from government offices, financial institutions, dining, and everyday services. Its central setting supports strong connectivity while maintaining a professional and easily reachable address, making it an ideal choice for businesses that value efficiency, visibility, and convenience.Fully leased with consistent in-place income30,692± SF multi-tenant professional office buildingAttractive 8% CAP rate at list priceFinancials & current rent roll available with signed NDA

195 Union Street | MLS# 226005110

This commercial property located at 195 Union Street , Newark, OH 43055 is currently listed for sale with an asking price of $1,795,000. Search Newark real estate on 15ontariotrail.cutlerhomes.com today.

Property Features

Property Type: Commercial - Office
Days on Market: 20
Lot Size: 2.01 Acres
Taxes: $10,506

Feature Descriptions

Parcel #: 054-217740-00.001
Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available, Storm Sewer

Demographics

Licking County Demographic Information for 195 Union Street , Newark, OH 43055
Fips
Fips Code 39089
Population
2020 to 2023 Change up 2.6%
2010 Count 166,492
2020 Count 178,519
2023 Estimate (V2023) 183,201
2020 Estimate (V2023) 178,513
Age Distribution (Years Old)
0 to 4 5.7%
5 to 17 22.7%
18 to 64 53.8%
65 and Older 17.8%
Gender
Male 49.6%
Female 50.4%
Place of Birth
Foreign 3.8%
US 96.2%
Education
High School Graduate, Age 25+ 93.2%
Bachelor's Degree or Higher, Age 25+ 29.5%
Computer and Internet use
Households with a computer 94.3%
Households with a broadband Internet subscription 91.1%
Language
English is Second Language, Age 5+ 5.1%
English is First Language, Age 5+ 94.9%
Veterans
Veterans 12,115
Income
Per Capita Income $39,760
Median Household Income $78,505
People in Poverty 10.2%
Commute
Average Work Commute Time 27 minutes
Housing
Total Housing Units 73,313
Households 67,239
Average Household Size 2.61
Owner-Occupied 73.5%
Multi-Family 17.2%
Owner-Occupied Median Value $232,200
Median selected monthly owner costs -with a mortgage $1,608
Median selected monthly owner costs -without a mortgage $577
Median gross rent $960
Building Permits
New Private Housing Issued 2023 180
Years at Residence
1 Year or More 88.3%
Less Than 1 Year 11.7%
Business and Employment
Private non-farm Establishments 3,146
Private non-farm Employment 56,578
Private non-farm Employment Growth up 2.2%
Nonemployer Establishments 13,255
Number of Firms 13,336
Business Production
Value of Shipments $3,385,197,000
Wholesale Trade $967,362,000
Retail Trade $2,497,946,000
Retail Sales Per Capita $14,653
Accommodation and Food Services $240,471,000
Land
Land Area 682.50 sq. miles
Population Per Square Mile 244

Source: US Census Bureau