Multi-Tenant Storefront
New
For Sale
$650,000
417 Mount Vernon Rd Unit 413, Newark, OH 43055
The occupied property houses a carry-out retailer and print shop, with restaurant equipment remaining in one unit.
Property Size4,636 SF
Price / SF$140.21
Days on Market7
Property Features for 417 Mount Vernon Rd Unit 413
General Information
Standard status
Active
Size
4,636 SF
Building Details
Year Built
1973
Listing Agency:
Century 21 Frank Frye
Listed By:
Kyle E Hall · License #2008001175
(740) 504-5837
Source:
Dreamcolumbus
Added: Sep 30
Changed: Oct 2
Last Checked: Oct 5 at 9:50PM
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 Century 21 Frank Frye
Investment Insights
Based on property information with market context.
This Newark storefront property contains 4,636 square feet on a 0.51-acre parcel and dates to 1973. The building is occupied by a retail carry-out business and a print shop. Restaurant equipment remains in Unit 417.
The property is positioned on Mount Vernon Road between Shields Street and Moull Street.
The property is positioned on Mount Vernon Road between Shields Street and Moull Street.
Key Highlights
- 4,636‑square‑foot building on a 0.51‑acre lot
- Occupied by a retail carry‑out store and a print shop
- Restaurant equipment remains in Unit 417
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,311
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,220
$386.2K
Cap Rate 7%
$275,871
$275.9K
Cap Rate 9%
$214,567
$214.6K
Market Conditions
NOI Build-Up for 4,636 SF
Gross rent
$26.7K $5.76/SF
− Vacancy
−$956 −$0.21/SF
EGI
$25.7K $5.55/SF
− OpEx
−$6.4K −$1.39/SF
NOI
$19.3K $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%
$386,220
Cap Rate 7%
$275,871
Cap Rate 9%
$214,567
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.41M
NOI $84,484 @ 7.0% cap · market cap 13.00%
Second Best
Specialty Retail
$275.9K
$241.4K – $321.9K
NOI $19,311 @ 7.0% cap · market cap 2.97%
Theoretical Best
Flex RnD
$3.72M
$3.26M – $4.34M
NOI $260,629 @ 7.0% cap · market cap 40.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
254
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?
Storefront property - The occupied property houses a carry-out retailer and print shop, with restaurant equipment remaining in one unit.
Where is this storefront property located?
The property is located at 417 Mount Vernon Rd Unit 413 Newark, OH.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 4,636‑square‑foot building on a 0.51‑acre lot; Occupied by a retail carry‑out store and a print shop; Restaurant equipment remains in Unit 417
