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    1425 Mount Vernon Rd Newark, OH 43055

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    For Lease
    $11 SF/Yr ($13,960 /Mo)

    Move-in-ready, flexible office/production space in a manufacturing corridor.

    Property size:
    15,230 SF
    Lot size:
    2.31 Acres

    Property Features for 1425 Mount Vernon Rd

    General Information

    Size
    15,230 SF
    Lot size
    2.31 Acres

    Source: Heath-Newark-Licking County Port Authority Agent Hayley Amick

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

    Overview

    Renovated Flex Space in Newark

    Located at 1401 & 1425 Mount Vernon Road, STEMFlex® offers 23,730 square feet of flexible office and production space across two newly renovated buildings. The property is situated in the largest manufacturing corridor in Central Ohio and is designed to support small businesses with a STEM-skilled workforce. The location provides convenient access to Interstate 70, State Route 161, and Highway 41. The site is also located within 30 minutes of the Intel Ohio One site, a new semiconductor foundry. The property features drive-in doors, ample parking, and light-industrial zoning, and is fully served with industrial utilities. It is an ideal site for various manufacturing and related enterprises, including biotech, lab users, computer science companies, and engineering firms. The location is also among Ohio's largest concentration of cleanroom space. Ownership has secured pre-approval for a 10-year/75% tax exemption on building improvements starting in 2025.
    Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Similar Places Nearby

    catering by the grill, Shipp Brothers Brewing Restaurant & Taproom, Topp'd Grubhouse

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.4233727
    Latitude
    40.0960951

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      Flexible Office/Production Space Available

      Move-in-ready, flexible office and production space in Newark, Ohio.
      1401 Mount Vernon Rd, Newark, OH 43055
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    FAQs

    What type of property is this?
    Flex space - Move-in-ready, flexible office/production space in a manufacturing corridor.
    Where is this flex space located?
    The property is located at 1425 Mount Vernon Rd Newark, OH.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: - Pre-approved 10-year/75% tax exemption on building improvements starting in 2025.; - Located in the largest manufacturing corridor in Central Ohio.; - Proximity to Intel Ohio One site (30 minutes), a $28 billion semiconductor foundry project employing 3,000 workers.
    (740) 788-5500
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    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
    1425 Mount Vernon Rd Newark, OH 43055
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