Flexible Office/Production Space
1401 Mount Vernon Rd, Newark, OH
For Lease
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Move-in-ready, flexible office and production space in Newark, Ohio.
Space Size8,500 SF
Lot Size7.57 Acres
Days on Market1009
Property Features for 1401 Mount Vernon Rd
General Information
Standard status
Size
Lot size
Property subtype
Lease Type
Spaces For Lease
at 1401 Mount Vernon Rd
STEMFlex® Newark - 1401 Mount Vernon Rd
$11/SF/Yr
Floor
1
Size
8,500 SF
Type
INDUSTRIAL
Lease Type
NNN
Availability
AVAILABLE
Sublease
No
STEMFlex® at 1401 & 1425 Mount Vernon Road offers move-in-ready, flexible office/production space, supporting small business needs in an advantageous manufacturing corridor. This forward-thinking development totals 23,730 square feet across two buildings, providing a marriage of flex and industrial space for a STEM-skilled workforce. Each property is newly renovated, featuring drive-in doors, ample parking, and light-industrial zoning, and is fully served with industrial utilities. STEMFlex® is an ideal site for a variety of manufacturing and related enterprises, from biotech and lab users to computer science companies and engineering firms, among the few. Tenants will benefit from ownership's secured pre-approval for a 10-year/75% tax exemption on building improvements starting in 2025.
Strategically located in the middle of the largest manufacturing corridor in Central Ohio, STEMFlex® in Newark is incredibly accessible, close to driving manufacturing projects, and surrounded by strong demographics.
Positioned along Mount Vernon Road, the site seamlessly connects to significant area thoroughfares, including Interstate 70, State Route 161, and Highway 41. Intel Ohio One site, a new semiconductor foundry that is underway, is located within 30 minutes. Intel plans to invest $28 billion in the project and employ 3,000 workers. The property is also among Ohio's largest concentration of cleanroom space, further supporting this Licking County location as a STEM-centered destination.
Contact us
Listing Agency:
Heath-Newark-Licking County Port Authority
Listed By:
Hayley Amick
(740) 788-5500
Source:
Moodyscre
Added: Feb 5, 2024
Changed: Oct 25
Last Checked: Nov 8 at 4:17AM
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 Heath-Newark-Licking County Port Authority
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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.
Key Highlights
- 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.
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.65 /SF/Yr
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Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
Under-served
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Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
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.
