1012 Mount Vernon Rd Newark, OH 43055
44,000 SF retail strip center anchored by Family Dollar.
Building Details
- Year built
- 1964
Source:
Shai-hess
Listing Agent: Steve Layman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Retail Strip Center Investment Opportunity
This 44,000± SF retail strip center, anchored by Family Dollar, presents a retail investment opportunity with potential for increased value. Situated on 4.26± acres and zoned General Commercial, the property offers long-term versatility for investors or owner-users. The center features prominent building and road signage, along with a large parking lot providing over 250 spaces. The layout is flexible, accommodating multiple tenant configurations. A 3,600 SF suite is currently available, presenting an opportunity for an owner-user, particularly suited for a small restaurant. The property is located along Mount Vernon Road near the Deo Drive intersection, providing visibility and exposure to daily traffic. Its frontage supports high-impact signage and brand recognition. Positioned within an established commercial corridor near residential areas, the location benefits from consistent activity and long-term demand drivers for retail investment. There is a total of 10,000 SF available, including three 1,600 SF units. The gross monthly income, with 70% occupancy, is $25,400.
Location Intelligence
Current Use by Public Records
Colonial Tavern
Bar & Pub
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Licking
- State
- Ohio
- Longitude
- -82.416435
- Latitude
- 40.08445
Nearby Similar for Sale
FAQs
What type of property is this?
Strip mall - 44,000 SF retail strip center anchored by Family Dollar.
Where is this strip mall located?
The property is located at 1012 Mount Vernon Rd Newark, OH.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: - Anchored by Family Dollar for built-in stability.; - Strong owner-user opportunity with a 3,600 SF available suite, ideal for a small restaurant.; - High visibility location on heavily trafficked Mount Vernon Road with prominent signage.
