Multi-Tenant Office
195 Union Street Newark, OH 43055
195 Union Street, Newark, OH, 43055
$1,550,000
For Sale
$1,550,000
Fully leased multi-tenant office building with scheduled parking lot asphalt improvements supporting day-to-day usability.
Property Size34,880 SF
Price / SF$44.44
Days on Market339
Property Features for 195 Union Street
General Information
- Standard status
- Active
- Size
- 34,880 SF
- Property subtype
- Office / Office
Listing agency
Shai-Hess Commerical Real Estate, LLC
(740) 334-2863
Listed by
Joseph Gebhart · License #2005015521
(740) 334-2863
Source
Compass
Added: Aug 18, 2025 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 8:15AM
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 Commerical Real Estate, LLC
Investment Insights
Based on property information with market context.
This multi-tenant professional office building offers approximately 30,692± square feet across multiple tenant spaces. The property is presented as fully leased with consistent in-place income. Parking lot asphalt improvements are scheduled for summer 2026, aimed at maintaining functional exterior access for tenants and visitors.
Located at 195 Union Street in Newark, Ohio, the building is described as just off the Grant Street exit on SR-79. The proximity to downtown Newark is highlighted as providing convenient connectivity to government offices, financial institutions, dining, and everyday services, supporting straightforward access for office-based operations.
For buyers seeking an income-producing office asset, the current fully leased status and availability of financial materials through a signed NDA are positioned as key due-diligence points. For office users evaluating the space as a business address, the building’s professional, multi-tenant configuration and the planned parking lot upgrades support a practical environment for day-to-day workplace needs. The seller notes a capitalization rate referenced to the list price, with financials and a current rent roll available upon NDA execution.
Located at 195 Union Street in Newark, Ohio, the building is described as just off the Grant Street exit on SR-79. The proximity to downtown Newark is highlighted as providing convenient connectivity to government offices, financial institutions, dining, and everyday services, supporting straightforward access for office-based operations.
For buyers seeking an income-producing office asset, the current fully leased status and availability of financial materials through a signed NDA are positioned as key due-diligence points. For office users evaluating the space as a business address, the building’s professional, multi-tenant configuration and the planned parking lot upgrades support a practical environment for day-to-day workplace needs. The seller notes a capitalization rate referenced to the list price, with financials and a current rent roll available upon NDA execution.
Key Highlights
- 30,692± SF, 2‑story multi‑tenant professional office building
- Property is fully leased with consistent in‑place income
- List price reflects a 9% CAP rate (also referenced as an 8% CAP rate at list price)
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Equitas Health Newark
Gym & Fitness Center
The Center for New Beginnings
Domestic Abuse Treatment Center
The Buckeye Ranch - Newark
Foster Care Service
Baris Bonnie G
Foster Care Service
Capital Home Health ...
Home Health Care Service
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FAQs
What type of property is this?
Office building - Fully leased multi-tenant office building with scheduled parking lot asphalt improvements supporting day-to-day usability.
Where is this office building located?
The property is located at 195 Union Street Newark, OH.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 30,692± SF, 2‑story multi‑tenant professional office building; Property is fully leased with consistent in‑place income; List price reflects a 9% CAP rate (also referenced as an 8% CAP rate at list price)
