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    261 Granville St Newark, OH 43055

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    For Sale
    $250,000

    Highly visible 844 SF retail building near Downtown Newark.

    Property size:
    844 SF
    Lot size:
    0.29 Acres

    Property Features for 261 Granville St

    General Information

    Size
    844 SF
    Lot size
    0.29 Acres

    Source: SHAI-Hess Commercial Real Estate Agent Joe Gebhart

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

    Overview

    Retail Building on Corner Lot

    This property features an 844 SF building situated on a highly visible corner lot. The location is near Newark High School and minutes away from Downtown Newark.
    Insight Report Location Intelligence

    Current Use by Public Records

    Zzxteriors Roofing Contractor

    Suggested Use

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

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

    Similar Places Nearby

    Kimel's Flowers, Petals 'N' Plants Florist Shoppe, Miller's Cut Flowers Plants & Seeds

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.4168218
    Latitude
    40.0620875

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    FAQs

    What type of property is this?
    Storefront property - Highly visible 844 SF retail building near Downtown Newark.
    Where is this storefront property located?
    The property is located at 261 Granville St Newark, OH.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Highly visible corner lot; - 844 SF building; - Close to Newark High School
    (740) 334-2863
    Request Owner's contact information
    261 Granville St 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
    261 Granville St Newark, OH 43055
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