Retail Carryout with Attached
340 Mount Vernon Road Newark, OH 43055
340 Mount Vernon Road, Newark, OH, 43055
$549,900
For Sale
$549,900
SINGLE_FAMILY - Newark, OH
Property Size2,576 SF
Lot Size0.23 Acres
Price / SF$213.47
Days on Market53
Property Features for 340 Mount Vernon Road
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active
- APN
- 054-270120-00.000
- Size
- 2,576 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2747
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
Building Details
- Year built
- 1953
- Floors in Building
- 1
Listing Agency
Red 1 Realty
(614) 585-9020
921 Eastwind Dr Suite 102, Columbus, OH
Listed by
Rudolph V Stefanitsis · License #2013004397
(614) 679-0397
Added: May 28 Checked: Jul 19 at 8:06 am
MLS# 226020023
Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering combines a commercial building with an established carryout business for sale in Newark, Ohio. The sale includes the building, operating business, C1/C2 beer and wine permits, inventory, equipment, and fixtures, along with attached tenant space. The current setup supports multiple revenue streams, including retail sales, beer and wine sales, lottery sales, and tenant income from the attached pizza and sub shop.
The property sits on approximately 0.45 acres and is located at 340 Mount Vernon Road. It is zoned LC (Limited Commercial) and is located within Newark CRA #1 and Commercial TIF District 7-2. Access is described as convenient to State Route 16 and the greater Columbus region, with downtown Newark less than three minutes away.
As presented, the combined real estate and operating business structure is intended for buyers looking to acquire both the underlying commercial asset and an active food service operation, with room for continued operation and modernization.
The property sits on approximately 0.45 acres and is located at 340 Mount Vernon Road. It is zoned LC (Limited Commercial) and is located within Newark CRA #1 and Commercial TIF District 7-2. Access is described as convenient to State Route 16 and the greater Columbus region, with downtown Newark less than three minutes away.
As presented, the combined real estate and operating business structure is intended for buyers looking to acquire both the underlying commercial asset and an active food service operation, with room for continued operation and modernization.
Key Highlights
- Commercial building and established carryout business offered together in Newark, Ohio (sale includes operating business).
- Includes C1/C2 beer and wine permits, plus inventory and equipment/fixtures included with the sale.
- Approx. 0.45‑acre property with LC (limited commercial) zoning and attached tenant space.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.6k | $27.00 |
| − Vacancy | −$2.5k | −$0.97 |
| EGI | $67.1k | $26.03 |
| − OpEx | −$20.1k | −$7.81 |
| NOI | $46.9k | $18.22 |
2,576 SF · lease $27.00/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Retail
$670.6K
$586.8K – $782.4K
NOI $46,943 @ 7.0% cap · market cap 8.54%
Second Best
Specialty Retail
$153.3K
$134.1K – $178.8K
NOI $10,730 @ 7.0% cap · market cap 1.95%
Theoretical Best
Flex RnD
$2.07M
$1.81M – $2.41M
NOI $144,819 @ 7.0% cap · market cap 26.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mama Mary's Pizza, ...
Restaurant
Alley Cat Subs ...
Take-out & Catering
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - For sale with an operating carryout business, C1/C2 beer and wine permits, and an attached pizza and sub shop tenant space.
Where is this conventional restaurant located?
The property is located at 340 Mount Vernon Road Newark, OH.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Commercial building and established carryout business offered together in Newark, Ohio (sale includes operating business).; Includes C1/C2 beer and wine permits, plus inventory and equipment/fixtures included with the sale.; Approx. 0.45‑acre property with LC (limited commercial) zoning and attached tenant space.
