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    1401 Mount Vernon Rd Newark, OH 43055

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    For Lease
    $11 SF/Yr ($7,791 /Mo)

    Move-in-ready, flexible office and production space in Newark, Ohio.

    Property size:
    8,500 SF
    Lot size:
    7.57 Acres

    Property Features for 1401 Mount Vernon Rd

    General Information

    Size
    8,500 SF
    Lot size
    7.57 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

    Flexible Office/Production Space Available

    STEMFlex® at 1401 & 1425 Mount Vernon Road provides flexible office and production space, suitable for small businesses within a manufacturing corridor. The development consists of 23,730 square feet across two newly renovated buildings, offering a combination of flex and industrial space. The properties feature drive-in doors, ample parking, light-industrial zoning, and full industrial utilities. STEMFlex® is suitable for various manufacturing and related enterprises, including biotech, labs, computer science companies, and engineering firms. Ownership has secured pre-approval for a 10-year/75% tax exemption on building improvements starting in 2025. The property is located in the largest manufacturing corridor in Central Ohio, with accessibility to Interstate 70, State Route 161, and Highway 41. The Intel Ohio One site, a new semiconductor foundry currently under construction, is within 30 minutes. Intel plans to invest $28 billion in the project and employ 3,000 workers. The property is situated among Ohio's largest concentration of cleanroom space. The available space is 8,500 square feet and is located at 1401 Mount Vernon Rd, Newark, OH.
    Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

    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
    -82.423537
    Latitude
    40.096705

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    FAQs

    What type of property is this?
    Flex space - Move-in-ready, flexible office and production space in Newark, Ohio.
    Where is this flex space located?
    The property is located at 1401 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: - 10-year/75% tax exemption on building improvements starting in 2025 (secured pre-approval).; - 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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    1401 Mount Vernon Rd Newark, OH 43055
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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
    1401 Mount Vernon Rd Newark, OH 43055
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