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Mixed-Use Property with Apartment
For Sale
$175,000

224 Granville Street, Newark, OH 43055

Two-level layout combines commercial space with a separately accessed residential unit and basement storage.

Property Size2,891 SF
Days on Market42

Property Features for 224 Granville Street

General Information

Standard status Active
Size 2,891 SF
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $2,810

Building Details

Building Size 2,891 SF
Year Built 1940
Buildings 1
Stories 2
Tenancy Multi
Owner Occupied No
Listing Agency: CRT, Realtors
Listed By: Rebecca J Tharp
Source: Carolgoffrealestate
Added: Jul 21 Changed: Aug 28 Last Checked: Aug 28 at 11:29AM

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 CRT, Realtors

Investment Insights

Based on property information with market context.

Built in 1940, this mixed-use property pairs a main-level commercial area with an upstairs apartment. The business space includes an open front area, a rear room, two storage areas, two bathrooms, and a full basement for additional operational or inventory space. The layout has supported both general store and driving school uses.

The residential component is a 3-bedroom apartment with a private entrance and laundry hookup. Both the commercial and residential units are currently vacant, allowing the next owner to occupy, lease, or reposition the spaces based on their plans. The property is located in Newark, Ohio, at 224 Granville Street.

Key Highlights

  • Main‑level commercial space with open front area, rear room, two storage areas, two bathrooms, and a full basement
  • Upstairs 3‑bedroom apartment with private entrance and laundry hookup
  • Both commercial and residential units are currently vacant

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage Locksmith (Bike/Boat/Book/etc) Store Pharmacy Dental Office Bakery

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

398
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level layout combines commercial space with a separately accessed residential unit and basement storage.
Where is this mixed-use property located?
The property is located at 224 Granville Street Newark, OH.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Main‑level commercial space with open front area, rear room, two storage areas, two bathrooms, and a full basement; Upstairs 3‑bedroom apartment with private entrance and laundry hookup; Both commercial and residential units are currently vacant
More about this property
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