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Downtown Mixed-Use Retail Opportunity
For Sale
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3 S Park Pl, Newark, OH 43055

Two connected buildings offer leased and residential space, zoned for Downtown Commercial with street and nearby garage parking.

Property Size5,310 SF
Price / SF$141.24
Days on Market61

Property Features for 3 S Park Pl

General Information

Standard status Active
Size 5,310 SF
Property subtype RETAIL
Zoning Downtown Commercial
Lease Type Gross

Additional Details

Multifamily Units 3

Amenities

street parking
public parking garages

Building Details

Tenancy Multi

Properties For Sale

at 3 S Park Pl Contact us

3 S Park Pl & 22 S 3rd

Floor
1
Size
810 SF
Type
RETAIL
Lease Type
GROSS
Availability
AVAILABLE
Sublease
No
- A smart, manageable commercial space with a practical layout, this approximately...
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Listing Agency: SHAI-Hess Commercial Real Estate
Listed By: Connor McMahon
Source: Moodyscre
Added: Jul 9 Changed: Sep 6 Last Checked: Sep 6 at 6:25AM

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 SHAI-Hess Commercial Real Estate

Investment Insights

Based on property information with market context.

This for-sale mixed-use property consists of two buildings whose lower levels connect, creating added functionality and flexibility for future use. The 3 S Park building includes main-level tenant space along with two residential units. The 22 S 3rd building features one residential unit and one leased main-level commercial space.

Zoned Downtown Commercial, the property supports a range of retail, office, and mixed-use possibilities. Street parking is available, and public parking garages are located within one block.

With connected lower-level space and existing leased commercial components, the property presents a flexible configuration for continued mixed-use use under the Downtown Commercial zoning designation.

Key Highlights

  • Two connected buildings with lower levels that connect, adding flexibility for future use
  • 3 S Park building includes a main‑level tenant plus two residential units
  • 22 S 3rd building includes one residential unit and a leased main‑level commercial space

Property Analytics

Current Use

Doug Cross Barber ... Barber Shop

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Big Box & Wholesale Store Pharmacy 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

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,005
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 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?
Retail space - Two connected buildings offer leased and residential space, zoned for Downtown Commercial with street and nearby garage parking.
Where is this retail space located?
The property is located at 3 S Park Pl Newark, OH.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two connected buildings with lower levels that connect, adding flexibility for future use; 3 S Park building includes a main‑level tenant plus two residential units; 22 S 3rd building includes one residential unit and a leased main‑level commercial space
(740) 221-9110 Call to check price and availability
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