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    1012-1066 Mount Vernon Rd Newark, OH 43055

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    For Lease
    $15 SF/Yr ($8,125 /Mo)

    Retail space for lease with upcoming facade remodel and parking.

    Property size:
    6,500 SF
    Lot size:
    3.34 Acres

    Property Features for 1012-1066 Mount Vernon Rd

    General Information

    Size
    6,500 SF
    Lot size
    3.34 Acres

    Source: Passov Real Estate Group Agent Noah Dewhirst

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space with Renovation Scheduled

    This property offers retail space with a scheduled renovation. The landlord plans to invest in a complete facade remodel, including new storefront windows, painting the brick white, and raising the roof height. A 0.5-acre ground lease opportunity is available at the corner of Mt Vernon and Riverview, with drive-thru permitted. The location benefits from a brand new parking lot with over 250 parking spaces and traffic of nearly 16,000 vehicles per day. Available space ranges from 760 to 6,500 square feet, with an additional 0.5-acre ground lease opportunity.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.416435
    Latitude
    40.08445

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    FAQs

    What type of property is this?
    Retail space - Retail space for lease with upcoming facade remodel and parking.
    Where is this retail space located?
    The property is located at 1012-1066 Mount Vernon Rd Newark, OH.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - High Traffic Location: Nearly 16,000 Vehicles Per Day (VPD).; - Ground Lease Opportunity: 0.5-acre available, drive-thru permitted.; - Planned Renovation: Landlord to invest in complete facade remodel.
    (419) 283-8951
    Request Owner's contact information
    1012-1066 Mount Vernon Rd Newark, OH 43055
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1012-1066 Mount Vernon Rd Newark, OH 43055
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