1401 Mount Vernon Rd, Newark, OH

Spaces For Lease

at 1401 Mount Vernon Rd Contact us

Listing agent Hayley Amick Show Phone

Listing office Heath-Newark-Licking County Port Authority Show Phone

Listing date Feb 5, 2024

Source Moodyscre

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Overview

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.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

• Map
• Local Demand

City

Newark

County

Licking

State

Ohio

Longitude

-82.4235

Latitude

40.0967

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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.