12
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$1,550,000
Est. payment /mo
34,880 SqFt
Price Dropped by $245K
195 Union Street Newark, OH 43055
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Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 34,880 sqft
Price per Sqft $44
MLS Listing ID 226005110
Annual Tax Amount $10,506
Lot Size 2.010 Acres
Lot Dimensions 2.01
Property Sub-Type Office
Source Columbus and Central Ohio Regional MLS
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 9% CAP rate, providing a compelling return profile for qualified buyers. Planned parking lot asphalt improvements are scheduled for summer 2026, further supporting the property's long-term appeal and functionality. 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 income
30,692± SF multi-tenant professional office building
Attractive 8% CAP rate at list price
Financials & current rent roll available with signed NDA
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 income
30,692± SF multi-tenant professional office building
Attractive 8% CAP rate at list price
Financials & current rent roll available with signed NDA
Location
State OH
County Licking
Area 2.01
Zoning General Office
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Others
Tax ID 054-217740-00.001
Listed by Joseph Gebhart Shai-Hess Commerical Real Estate, LLC
NEARBY SCHOOL & BUSINESS
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