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Functional Flex Space in Newark
For Sale
$825,000

1987 Coffman Rd, Newark, OH 43055

Move-in ready flex space with warehouse and office areas.

Property Size7,368 SF
Lot Size1.89 Acres
Price / SF$111.97
Days on Market106

Property Features for 1987 Coffman Rd

General Information

Standard status Active
Size 7,368 SF
Lot size 1.89 Acres
Property subtype Industrial

Building Details

Building Size 7,368 SF
Year Built 2003
Listing Agency: NAI Ohio Equities
Listed By: Matt Gregory, SIOR, CCIM · License #2023003682
Source: Ohioequities
Added: May 16 Changed: Aug 26 Last Checked: Aug 29 at 7:25AM

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 NAI Ohio Equities

Investment Insights

Based on property information with market context.

The property at 1987 Coffman Rd in Newark offers a flex opportunity suitable for an owner-user seeking functional space. The building includes approximately 1,300 square feet of finished office space along with an open warehouse/flex area, allowing for integrated business operations. The warehouse section features two 12-foot drive-in doors that were covered during prior use but are fully functional and ready to be restored to full operation. All exterior doors have been replaced, and the building is in strong overall condition with city water, sewer, and 3-phase electric already in place. Situated on a 1.89-acre lot, the property provides surplus outdoor area. This property is suited for contractors, distributors, or trades businesses needing equipment staging, material storage, or yard capacity.

Key Highlights

  • Move‑in ready flex space suitable for owner‑user.
  • Combination of 1,300 SF finished office space and open warehouse/flex area.
  • Large 1.89‑acre lot providing surplus outdoor area.

Property Analytics

Current Use

Drumms Family Billiards Arcade & Gaming Center Drumm's Family Billiards Arcade & Gaming Center

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Auto Repair Shop Dental Office Law Firm

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

Location Intelligence

Trade Area within ½ mile

355
Businesses Nearby
Balanced
Demand for This Use

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

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Move-in ready flex space with warehouse and office areas.
Where is this flex space located?
The property is located at 1987 Coffman Rd Newark, OH.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Move‑in ready flex space suitable for owner‑user.; Combination of 1,300 SF finished office space and open warehouse/flex area.; Large 1.89‑acre lot providing surplus outdoor area.
More about this property
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