Retail Carryout Restaurant with
340 Mount Vernon Road Newark, Newark, OH 43055
New
For sale as a combined real estate and operating carryout business with attached tenant space and beer and wine permits.
Property size:
2,576 SFLot size:
0.45 AcresPrice / SF:
$213/SF- Added:
- Jun 30, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 1 at 7:16 am
Property Features for 340 Mount Vernon Road Newark
General Information
- Standard status
- Active
- Size
- 2,576 SF
- Lot size
- 0.45 Acres
Building Details
- Year Built
- 1953
Listing office (614) 660-5959
Listing date Jun 30, 2026
Source Movenowohio
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 John Stomps
HighLights
- Commercial building for sale with operating carryout business included
- Sale includes C1/C2 beer and wine permits plus inventory, equipment, and fixtures
- Multiple revenue sources: retail sales, beer and wine sales, lottery sales, and tenant income from the attached pizza and sub shop
- Attached tenant space currently occupied, adding an additional income stream
- Approximately 0.23‑acre lot with 2,576 SF total building area; year built 1953
- Located in Newark CRA #1 and Commercial TIF District 7‑2 with LC (Limited Commercial) zoning
Overview
Offered for sale together as a commercial building and established carryout business, this property includes C1/C2 beer and wine permits, along with inventory, equipment, and fixtures. The sale also includes the attached tenant space operating as a pizza and sub shop, creating an additional income stream within the overall building.
The site is on approximately 0.45 acres and is zoned LC (Limited Commercial), providing flexibility for a variety of commercial uses. It sits within Newark CRA #1 and Commercial TIF District 7-2. Conveniently located less than three minutes from Downtown Newark, with access to State Route 16 and the greater Columbus region.
The current operating model includes retail sales supported by beer and wine sales, lottery sales, and tenant income from the attached pizza and sub shop. For a buyer seeking an existing business platform with real estate included, the property offers the continuity of an operating carryout business while also allowing room for continued operation and modernization of the underlying commercial space.
The site is on approximately 0.45 acres and is zoned LC (Limited Commercial), providing flexibility for a variety of commercial uses. It sits within Newark CRA #1 and Commercial TIF District 7-2. Conveniently located less than three minutes from Downtown Newark, with access to State Route 16 and the greater Columbus region.
The current operating model includes retail sales supported by beer and wine sales, lottery sales, and tenant income from the attached pizza and sub shop. For a buyer seeking an existing business platform with real estate included, the property offers the continuity of an operating carryout business while also allowing room for continued operation and modernization of the underlying commercial 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.
Location Intelligence
Current Use by Public Records
Mama Mary's Pizza, ...
Restaurant
Alley Cat Subs ...
Take-out & Catering
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Licking
- State
- Ohio
- Longitude
- -82.4108617
- Latitude
- 40.0690412
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - For sale as a combined real estate and operating carryout business with attached tenant space and beer and wine permits.
Where is this conventional restaurant located?
The property is located at 340 Mount Vernon Road Newark 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 for sale with operating carryout business included; Sale includes C1/C2 beer and wine permits plus inventory, equipment, and fixtures; Multiple revenue sources: retail sales, beer and wine sales, lottery sales, and tenant income from the attached pizza and sub shop
