Grocery and Convenience Store with
For Sale
$129,900
4 N Park Pl, Newark, OH 43055
Established food retail business with commercial equipment, seating, operating materials, and transition support included.
Property Size1,800 SF
Price / SF$72.17
Days on Market82
Property Features for 4 N Park Pl
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Listing Agency:
Real of Ohio
Listed By:
Siara B Kopis · License #2015004641
(740) 475-7408
Source:
Thelorilynngroup
Added: Jul 25
Changed: Oct 3
Last Checked: Oct 7 at 5:08PM
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 Real of Ohio
Investment Insights
Based on property information with market context.
This established food retail business occupies a 1,800-square-foot commercial space with historic architectural character in downtown Newark. The sale includes commercial-grade fixtures and appliances, seating, décor, menu materials, recipes, a vendor list, trained employees, and owner training to support the transition to new ownership.
The business operates under a sublease through February 2027. The property owner is open to an additional two-year renewal option after the current sublease expires. Located at 4 N Park Place, the space is positioned among downtown shops, dining, and year-round community activity. The property carries DC zoning.
The business operates under a sublease through February 2027. The property owner is open to an additional two-year renewal option after the current sublease expires. Located at 4 N Park Place, the space is positioned among downtown shops, dining, and year-round community activity. The property carries DC zoning.
Key Highlights
- 1,800‑square‑foot commercial space at 4 N Park Place, Newark, OH 43055
- Commercial‑grade fixtures and appliances included
- Sale includes seating, décor, menu materials, recipes, and vendor list
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,498
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$149,960
$150.0K
Cap Rate 7%
$107,114
$107.1K
Cap Rate 9%
$83,311
$83.3K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$10.4K $5.76/SF
− Vacancy
−$371 −$0.21/SF
EGI
$10.0K $5.55/SF
− OpEx
−$2.5K −$1.39/SF
NOI
$7.5K $4.17/SF
Area
Licking County, OH
Vacancy
3.58%
Lease Rate
$5.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$149,960
Cap Rate 7%
$107,114
Cap Rate 9%
$83,311
Alternative Uses
Best Use
Retail
$468.6K
$410.0K – $546.7K
NOI $32,802 @ 7.0% cap · market cap 25.25%
Second Best
Specialty Retail
$107.1K
$93.7K – $125.0K
NOI $7,498 @ 7.0% cap · market cap 5.77%
Theoretical Best
Flex RnD
$1.45M
$1.26M – $1.69M
NOI $101,193 @ 7.0% cap · market cap 77.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,000
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established food retail business with commercial equipment, seating, operating materials, and transition support included.
Where is this grocery and convenience store located?
The property is located at 4 N Park Pl Newark, OH.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: 1,800‑square‑foot commercial space at 4 N Park Place, Newark, OH 43055; Commercial‑grade fixtures and appliances included; Sale includes seating, décor, menu materials, recipes, and vendor list
