Building Details

Tenancy Multi

Listing Agency: SHAI-Hess Commercial Real Estate

Listed By: Brandon Hess Show Phone

Source: Moodyscre

Added: Oct 15 Changed: Oct 16 Last Checked: Oct 16 at 2:12PM

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Investment Insights

Based on property information with market context.

This 21,300-square-foot retail strip center in Newark, Ohio, is occupied by 10 tenants. Its multi-tenant configuration brings several businesses together in one retail property, and the zoning designation is General Commercial.

The property is presented with a cap rate of 10% or higher. The sale terms include the seller’s plan to separate 1 acre from the parcel.

Key Highlights

• 21,300‑square‑foot retail strip center
• Occupied by 10 tenants
• General Commercial zoning

Property Analytics

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Current Use

Strip malls

Suggested Use

Top Pick Real Estate Agency Law Firm Pharmacy Accounting Firm Daycare Center Parking Lot & Garage

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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

269

Businesses Nearby

Explore this area Business Placement

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 Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Strip mall - Ten occupied retail tenancies and General Commercial zoning define this established commercial property.

Where is this strip mall located?

The property is located at 223-235 S 21st St Newark, OH.

What is the asking price?

The asking price for this property is $1,725,000.

What are key features of this property?

This property features: 21,300‑square‑foot retail strip center; Occupied by 10 tenants; General Commercial zoning