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Grocery and Convenience Store
For Sale
$399,900

340 Mount Vernon Rd, Newark, OH 43055

Operating carryout business with attached tenant space, inventory, equipment, fixtures, and beer and wine permits included.

Property Size2,576 SF
Lot Size0.45 Acres
Price / SF$155.24
Days on Market38

Property Features for 340 Mount Vernon Rd

General Information

Standard status Active
Size 2,576 SF
Lot size 0.45 Acres
Zoning LC

Restaurant

Equipment Included Yes
Liquor License Yes

Additional Details

Business Included Yes
Highway Access Yes

Building Details

Year Built 1953
Tenancy Multi
Listing Agency: Red 1 Realty
Listed By: Rudolph V Stefanitsis · License #2013004397
Source: Thelorilynngroup
Added: Sep 7 Changed: Oct 14 Last Checked: Oct 12 at 10:59PM

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 Red 1 Realty

Investment Insights

Based on property information with market context.

The offering combines a commercial building with an operating carryout business and an attached tenant area. Included assets are inventory, equipment, fixtures, and C1/C2 beer and wine permits. The property contains 2,576 square feet on approximately 0.45 acres and was built in 1953. LC (Limited Commercial) zoning supports a range of commercial uses.

The property is located in Newark, less than three minutes from Downtown Newark, with access to State Route 16 and the greater Columbus region. An attached pizza and sub shop occupies part of the building, adding a tenant component to the property. The site is within Newark CRA #1 and Commercial TIF District 7-2.

Key Highlights

  • 2,576‑square‑foot commercial building on approximately 0.45 acres
  • Operating carryout business included with the real estate
  • Inventory, equipment, fixtures, and C1/C2 beer and wine permits convey

Property Analytics

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Current Use

Mama Mary's Pizza, ... Restaurant Alley Cat Subs ... Take-out & Catering

Suggested Use

Top Pick Dental Office Parking Lot & Garage Food Market Grocery & Convenience Store (Bike/Boat/Book/etc) Store Skin Care Clinic

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
Turnkey business
Opportunity
Yes
Highway access
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

254
Businesses Nearby
Under-served
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Operating carryout business with attached tenant space, inventory, equipment, fixtures, and beer and wine permits included.
Where is this grocery and convenience store located?
The property is located at 340 Mount Vernon Rd Newark, OH.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,576‑square‑foot commercial building on approximately 0.45 acres; Operating carryout business included with the real estate; Inventory, equipment, fixtures, and C1/C2 beer and wine permits convey
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