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Two-Story Office Building
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42 N 3rd St, Newark, OH 43055

Two-floor former bank office includes open space, private offices, and large restrooms plus a 22-car underground parking garage.

Space Size6,920 SF
Days on Market903

Property Features for 42 N 3rd St

General Information

Standard status Active
Size 6,920 SF
Total Parking Spaces 22
Property subtype OFFICE
Lease Type NNN

Amenities

breakroom
large restrooms

Building Details

Stories 2

Spaces For Lease

at 42 N 3rd St
42 N 3rd St $5,750/Mo
Floor Bldg
Size 6,920 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
This former bank branch office spans 6,920 square feet across two floors, catering to all your business requirements. The main level features open space and private offices, while the second floor boasts private offices, large restrooms and a breakroom. Second floor space would make a great loft apartment to help generate income. An invaluable asset is the underground 22-car parking garage with newly updated ventilation, providing optimal convenience for employees and customers alike.
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Listing Agency: SHAI-Hess Commercial Real Estate
Listed By: J. Park Shai III
Source: Moodyscre
Added: May 8, 2024 Changed: Oct 26 Last Checked: Oct 26 at 7:29PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SHAI-Hess Commercial Real Estate

Rey
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Investment Insights

Based on property information with market context.

This former bank branch office spans 6,920 square feet across two floors. The main level offers open space along with private offices. The second floor provides private offices, large restrooms, and a breakroom.

The property includes an underground 22-car parking garage with newly updated ventilation, offering convenient parking for employees and customers.

Second-floor space is also described as suitable for use as a loft apartment to help generate income, depending on tenant or owner requirements.

Key Highlights

  • Former bank branch office with 6,920 SF across two floors
  • Main level offers open space plus private offices
  • Second floor features private offices, large restrooms, and a breakroom

Property Analytics

Contact the owner directly Get the owner's phone numbers and email
Open Analytics

Current Use

Huntington Bank ATM ... Atm Huntington Bank Bank

Suggested Use

Top Pick Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

17
Businesses Nearby

Demographics for 43055, OH

62,590
Population
27,046
Households
2.3
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
112.7 sq mi
ZIP Area
555
Density / Sq Mi
$61,807
Median Household Income
$39,412
Median Earnings
$920
Median Rent
$185,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office building - Two-floor former bank office includes open space, private offices, and large restrooms plus a 22-car underground parking garage.
Where is this office building located?
The property is located at 42 N 3rd St Newark, OH.
What is the lease rate?
The lease rate is $5,750/Mo.
What are key features of this property?
This property features: Former bank branch office with 6,920 SF across two floors; Main level offers open space plus private offices; Second floor features private offices, large restrooms, and a breakroom
(740) 404-0665 Call to check price and availability
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